Graves County Area Home Supply Charts

This page looks at a variety of Graves County Kentucky housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Graves County shows it has a Housing Units of 16,886 which is the third most housing units of all other counties in the greater Graves County region.

Figure 2 illustrates the housing density in the Graves County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Graves County shows it has a Housing Density of 30.6 which is in the mid range of other counties in the local area. The county with the highest housing density in the area is McCracken County which depicts a density of 128.9 (approximately 4.2 times bigger). Comparing housing density to the United States average of 38.9, Graves County is approximately three-fourths the size. Also, measured against the state of Kentucky, housing density of 50.4, Graves County is approximately three-fourths the size.

In Figure 4, Graves County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Graves County depicts it has a Housing Unit Change of 0.6% which is the smallest in terms of change in the housing units of all the other counties in the greater region. The county with the highest change in the housing units in the area is Calloway County which shows a housing units of 4.2% ( markedly bigger). Comparing change in the housing units to the United States average of 5.7%, Graves County is approximately a tenth the size. Also, in contrast to the state of Kentucky, change in the housing units of 2.9%, Graves County is approximately a fifth the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Graves County depicts it has a Renter Percent of 24.5% which is in the intermediate range of other counties in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 75.5% which is in the mid point range of other counties in the greater region.

Graves County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Graves County home price is illustrated for this community and a useful analysis of affordable housing. Graves County depicts it has a Median Home Value of $104,300 which is in the center range of other counties in the greater region. The county with the highest median home price in the area is McCracken County which depicts a home price of $143,400 (37.5% larger). Figure 8 provides aggregate comparative data for the Graves County Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Graves County shows it has a Median Gross Rent of $639 which is in the mid range of other counties in the surrounding region. The county with the highest rental rates in the area is McCracken County which shows a rental rates of $717 (12.2% larger). Comparing rental rates to the United States average of $1,062, Graves County is approximately three-fourths the size. Also, versus the state of Kentucky, rental rates of $763, Graves County is about 19.4% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Graves County has the percentage of home price worth less than $50,000 in the mid range of other counties in the metro area at 29% of the total. Second, it has the smallest proportion of home price worth between $200,000 to $300,000 at 2% of the total. Third, it has the largest proportion of home price worth between $500,000 to $750,000 at 1% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Graves County depicts it has a Median Owner Cost of $553 which is in the center range of other counties in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Graves County metro area. it has a Owner Cost as % of HH Income of 15% which is the third most of all other counties in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Graves County depicts it has a Median Home Value as Percent of Median Earnings of 252% which is less than most other counties in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Graves County depicts it has a Median Owner Costs-With Mortgage of $965 which is less than most other counties in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $349 which is in the middle range of other counties in the greater region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Graves County has the largest proportion of owner cost less than $300 at 34% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $2,000 and $2,500 at 0% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Graves County shows it has a % of Income Owner Costs-With Mortgage of 19% which is the second smallest in order of cost as a percent of household income of all the other counties in the greater region. The county with the highest cost as a percent of household income in the area is Carlisle County which shows a cost as a percent of household income of 21% (11.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Graves County shows it has a % of Income Owner Costs-No Mortgage of 10% which is the third most cost as a percent of household income of all other counties in the greater Graves County region. The county with the highest cost as a percent of household income in the area is Hickman County which depicts a cost as a percent of household income of 12% (11.5% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Graves County has the percentage of rent as a percent of income is less than 10 pct less than most other counties in the local area at 19% of the total. Second, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 10% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Graves County has the smallest proportion of housing cost between $2,000 and $2,500 at 0% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $696 which is in the mid range of other counties in the area. The county with the highest median real estate taxes paid in the area is McCracken County which depicts a taxes paid of $1,059 (52.2% larger). Comparing median real estate taxes paid to the United States average of $2,471, Graves County is approximately a third the size. Also, compared to the state of Kentucky, median real estate taxes paid of $1,210, Graves County is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Graves County Kentucky has the largest proportion of rent between $2,500 and $3,500 at 1% of the total and is ranked #1.

Graves County Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Graves County has the largest proportion of with heloc at 1% of the total and is ranked #1.

Graves County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is the highest of all counties in the greater Graves County region. Comparing family members per housing unit to the United States average of 3.3, Graves County is only slightly larger. Also, benchmarked against the state of Kentucky, family members per housing unit of 3.1, Graves County is 8.1% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is in the mid range of other counties in the metro area. The county with the highest average number of rooms in a house in the area is Hickman County which depicts an average number of rooms in a house of 5.7 (only about 3.6% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1977 which is in the mid range of other counties in the metro area. The county with the highest year built in the area is Calloway County which depicts a year built of 1984 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest as measured by homes built in 2014 or later of all the other counties in the metropolitan area at 10% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid range of other counties in the greater region at 3,511 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of one unit detached at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other counties in the local area at $163,200 of the total. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $171,800 of the total and is ranked #3. Only #2 McCracken County ($211,900), and #1 Marshall County ($234,500) are larger. Third, it has in the mid range of other counties in the greater region when sorted by value of homes built 2000 to 2009 at $125,500 of the total. Also, it has the second smallest when ranked by value of homes built 2014 or later of all the other counties in the local area in order of value of homes built 1990 to 1999 at $107,400 of the total. In addition, it has less than most other counties in the surrounding region in terms of value of homes built 1980 to 1989 at $98,000 of the total. Furthermore, it has in the mid range of other counties in the greater region when ranked by value of homes built 1970 to 1979 at $88,300 of the total. Next it has in the mid point range of other counties in the local area when ranked by value of homes built 1960 to 1969 at $86,500 of the total. Additionally, it has the second smallest in terms of value of homes built 2014 or later of all the other counties in the metropolitan area when ranked by value of homes built 1950 to 1959 at $70,000 of the total. And then, it has in the mid point range of other counties in the metropolitan area when sorted by value of homes built 1940 to 1949 at $96,700 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Graves County residents. it has a Owner-Household Size of 2.6 which is the most of all counties in the greater Graves County region.

Figure 37 shows the household size for renters. Graves County depicts it has a Renter-Household Size of 2.4 which is at the top of all other counties in the greater Graves County region. Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2017 or later at 7% of the total. Second, it has the smallest proportion of owners moved in 2015 to 2016 at 18% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 33% of the total and is ranked #1. Also, it has the largest proportion of owners moved in 2000 to 2009 at 20% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Graves County has one of the largest proportions of renters moved in 2017 or later at 26% of the total and is ranked #3. Only #2 Calloway County (29%), and #1 Weakley County (31%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is the third most of all other counties in the metro area. Figure 41 compares the median year that renters moved into their home. Graves County depicts it has a Renter Median Year Moved In of 2014 which is in the middle range of other counties in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest when ranked by homes using natural gas of all the other counties in the greater region at 35% of the total. Second, it has the largest proportion of homes using coal or coke at 3% of the total and is ranked #1. Third, it has less than most other counties in the local area in order of homes using solar energy at 0% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Graves County housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Graves County shows it has a Total In Group Quarters of 646 which is in the middle range of other counties in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Graves County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Graves County has the smallest proportion of number of people under 18 years of age and in group quarters at 91% of the total.