Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Spencer County, Kentucky?
County · Census ACS 5-Year estimates
The median gross rent in Spencer County, Kentucky is $987/month (±$56), based on Census ACS 5-Year estimates (2024). The median home value is $330,000 (±$11,906), and the median household income is $102,618/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Spencer County, Kentucky and Neighbouring Counties
Housing Metrics for Spencer County, Kentucky
| Metric | Value |
|---|---|
| Median Gross Rent | $987 |
| Median Home Value | $330,000 |
| Median Household Income | $102,618 |
| Total Housing Units | 7,308 |
| Renter-Occupied Units | 881 |
| Renter-Occupied Share | 12% |
| Households Paying 50%+ Income | 87 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| 1 BR | $408 | -17.9% |
| 2 BR | $920 | +12.3% |
| 3 BR | $1,038 | +5.8% |
| 4 BR | $1,520 | +58.2% |
How does Spencer County, Kentucky compare?
Median gross rent ranked against all counties in Kentucky.
Higher rent than 88% of counties in Kentucky · 16th of 120
| # | County | Value |
|---|---|---|
| 1 | Boone County | $1,373 |
| 2 | Scott County | $1,247 |
| 3 | Oldham County | $1,219 |
| … 12 more … | ||
| 16 | Spencer County(you are here) | $987 |
| … 101 more … | ||
| 118 | Martin County | $450 |
| 119 | Owsley County | $448 |
| 120 | Elliott County | $432 |
More data for Spencer County, Kentucky
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Frequently asked questions
What is the average rent in Spencer County, Kentucky?
The median gross rent in Spencer County, Kentucky is $987/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 Spencer County, Kentucky?
The median rent for a 2-bedroom in Spencer County, Kentucky is $920/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$85. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Spencer County, Kentucky?
The median home value in Spencer County, Kentucky is $330,000 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Spencer County are rent-burdened?
In Spencer County, Kentucky, 87 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 Spencer County, Kentucky?
The median household income in Spencer County, Kentucky is $102,618/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 $987 has a margin of error of ±$56. In very small areas, MOEs can be large relative to the estimate.
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