Fayette County, KY Housing

The housing market in Fayette, KY County is doing very well and is outpacing the national average. The median value of a home in Fayette, KY County is $266,700 while the US House median value is $338,100. In terms of appreciation over the past year, homes in Fayette, KY have seen an increase of 14.21%, compared to the US 1 year House Appreciation rate of 8.27%. This dramatic increase is indicative of a booming economy and vibrant housing market in Fayette county.

The median home cost in Fayette County is $266,700. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Fayette County is up 16.4%.

Average Age of Homes

- The median age of Fayette County real estate is 37 years old

The Rental Market in Fayette County

- Renters make up 40.9% of the Fayette County population
- 2.2% of houses and apartments in Fayette County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fayette, Kentucky	United States
	145,092.0	139,647,020.0
	39	42
	$266,700	$338,100
	16.4%	16.6%
	52.8%	57.0%
	81.5%	101.1%
	$9.40	$10.98
	$2,038	$2,690
	50.1%	57.4%
	7.5%	11.2%
	42.4%	31.4%
Vacant Housing
	2.2%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	1.0%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.7%	2.4%
	1.0%	2.8%
	2.0%	3.9%
	3.8%	4.5%
	16.7%	11.3%
	19.3%	13.0%
	25.2%	20.1%
	14.5%	13.6%
	6.4%	8.3%
	5.7%	9.7%
	2.0%	3.9%
	0.6%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.2%	13.6%
	14.2%	13.6%
	16.5%	13.6%
	13.2%	13.2%
	15.2%	14.8%
	16.5%	13.6%
	8.9%	10.0%
	2.9%	4.7%
	7.1%	12.2%

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