Meade County Area Home Supply Charts

This page looks at a variety of Meade County Kentucky housing market data taken from the most recent 2022 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. Meade County depicts it has a Housing Units of 11,967 which is in the mid range of other counties in the area.

Figure 2 illustrates the housing density in the Meade County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Meade County indicates it has a Housing Density of 39.2 which is the third most housing densities of all other counties in the greater Meade County region. The county with the highest housing density in the area is Bullitt County which depicts a density of 109.1 (approximately 2.8 times bigger). Comparing housing density to the United States average of 39.5, Meade County is about the same size. Also, compared to the state of Kentucky, housing density of 50.5, Meade County is approximately three-fourths the size.

In Figure 3, Meade County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Meade County depicts it has a Housing Unit Change of 1.7% which is in the center range of other counties in the metropolitan area. The county with the highest change in the housing units in the area is Bullitt County which depicts a housing units of 10.6% ( appreciably bigger). Comparing change in the housing units to the United States average of 7.4%, Meade County is approximately a quarter the size. Also, in contrast to the state of Kentucky, change in the housing units of 3.2%, Meade County is approximately half the size.

Figure 4 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.) Meade County indicates it has a Renter Percent of 25.3% which is the second most renter percent of all the counties in the greater Meade County region. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 74.7% which is the second smallest as measured by owner percent of all the other counties in the greater region.

Meade County Home Cost Charts

Figure 7 provides aggregate comparative data for the Meade County Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Meade County depicts it has a Median Gross Rent of $859 which is the second most of all the counties in the metro area. The county with the highest rental rates in the area is Bullitt County which shows a rental rates of $879 ( only slightly larger). Comparing rental rates to the United States average of $1,163, Meade County is approximately three-fourths the size. Also, compared with the state of Kentucky, rental rates of $826, Meade County is only about 4.0% larger.

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Meade County shows it has a Median Owner Cost of $896 which is the third most median ownership cost of all other counties in the greater Meade County region. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Meade County metro area. it has a Owner Cost as % of HH Income of 15% which is less than most other counties in the greater region. The next chart, Figure 10, 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. Meade County shows it has a Median Home Value as Percent of Median Earnings of 347% which is the second most median home value as a percent of median worker earnings of all the counties in the greater Meade County region.

Next shown in Figure 11 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.) Meade County depicts it has a % of Income Owner Costs-With Mortgage of 18% which is the second smallest when sorted by cost as a percent of household income of all the other counties in the metro area. The county with the highest cost as a percent of household income in the area is Bullitt County which shows a cost as a percent of household income of 19% (10.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Meade County shows it has a % of Income Owner Costs-No Mortgage of 9% which is the third most cost as a percent of household income of all other counties in the greater Meade County region. The county with the highest cost as a percent of household income in the area is Crawford County which shows a cost as a percent of household income of 12% (33.3% larger).

Figure 13 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.) Meade County has one of the largest proportions of rent as a percent of income is less than 10 pct at 33% of the total and is ranked #2. The only larger county being Perry County with 36%.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,273 which is the third most median real estate taxes paid of all other counties in the greater Meade County region. The county with the highest median real estate taxes paid in the area is Bullitt County which depicts a taxes paid of $1,699 (33.5% larger). Comparing median real estate taxes paid to the United States average of $2,690, Meade County is approximately half the size. Also, in contrast to the state of Kentucky, median real estate taxes paid of $1,320, Meade County is only about 3.7% smaller.

Figure 16 shows the percentage of renters who pay for utilities in Meade County Kentucky. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Meade County has the largest proportion of pay extra for utilities at 28% of the total and is ranked #1.

Meade County Home Characteristics Charts

Figure 19 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 1991 which is the second most year built of all the counties in the greater Meade County region. The county with the highest year built in the area is Bullitt County which shows a year built of 1992 ( about the same size).

Figure 20 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2020 or later at 11% of the total and is ranked #1. Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2018 at 22% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 24% of the total. Third, it has the smallest proportion of owners moved in 1990 to 1999 at 10% of the total. Figure 22 shows the year that people who rent moved into the area. Meade County has the smallest proportion of renters moved in 2015 to 2018 at 8% of the total. Second, it has the largest proportion of renters moved in 1990 to 1999 at 3% of the total and is ranked #1.