Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Fayette County, Kentucky?
County · Census ACS 5-Year estimates
The median gross rent in Fayette County, Kentucky is $1,164/month (±$18), based on Census ACS 5-Year estimates (2024). The median home value is $293,500 (±$5,552), and the median household income is $69,479/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Fayette County, Kentucky and Neighbouring Counties
Housing Metrics for Fayette County, Kentucky
| Metric | Value |
|---|---|
| Median Gross Rent | $1,164 |
| Median Home Value | $293,500 |
| Median Household Income | $69,479 |
| Total Housing Units | 139,715 |
| Renter-Occupied Units | 64,594 |
| Renter-Occupied Share | 46% |
| Households Paying 50%+ Income | 15,564 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $836 | -32.0% |
| 1 BR | $959 | -42.0% |
| 2 BR | $1,178 | -33.3% |
| 3 BR | $1,499 | -21.5% |
| 4 BR | $1,651 | -39.1% |
| 5+ BR | $1,398 | -48.0% |
How does Fayette County, Kentucky compare?
Median gross rent ranked against all counties in Kentucky.
Higher rent than 98% of counties in Kentucky · 4th of 120
| # | County | Value |
|---|---|---|
| 1 | Boone County | $1,373 |
| 2 | Scott County | $1,247 |
| 3 | Oldham County | $1,219 |
| 4 | Fayette County(you are here) | $1,164 |
| … 113 more … | ||
| 118 | Martin County | $450 |
| 119 | Owsley County | $448 |
| 120 | Elliott County | $432 |
More data for Fayette County, Kentucky
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Frequently asked questions
What is the average rent in Fayette County, Kentucky?
The median gross rent in Fayette County, Kentucky is $1,164/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Fayette County, Kentucky?
The median rent for a 2-bedroom in Fayette County, Kentucky is $1,178/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$24. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Fayette County, Kentucky?
The median home value in Fayette County, Kentucky is $293,500 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Fayette County are rent-burdened?
In Fayette County, Kentucky, 15,564 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Fayette County, Kentucky?
The median household income in Fayette County, Kentucky is $69,479/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,164 has a margin of error of ±$18. In very small areas, MOEs can be large relative to the estimate.
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