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Rowan County Housing Market

Kentucky · 120 counties · Ranked #1250 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$155,900

vs national$155,900 vs $281,900 national

Median Gross Rent

$815/mo

vs national$815 vs $1,163 national

Effective Tax Rate

0.55%

vs national0.55% vs 1.02% national

Median Household Income

$53,657

vs national$53,657 vs $74,755 national

Affordability Ratio

2.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

28.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$862

Tax as % of Home Value

0.55%

Monthly Owner Cost

$707

Renter Income

$33,624

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Frequently Asked Questions

What is the median home value in Rowan County?

The median home value in Rowan County is $155,900. This is below the national median of $281,900.

How much is rent in Rowan County?

The median gross rent in Rowan County is $815 per month.

What is the property tax rate in Rowan County?

The effective property tax rate in Rowan County is 0.55%. The median annual property tax bill is $862.

Is Rowan County affordable?

With a home-value-to-income ratio of 2.9x, Rowan County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.