Meade County Area Home Supply Charts

This page looks at a variety of Meade 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. Meade County shows it has a Housing Units of 12,442 which is in the center range of other counties in the surrounding region.

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 shows it has a Housing Density of 40.7 which is the third most of all other counties in the greater region. The county with the highest housing density in the area is Bullitt County which depicts a density of 105.9 (approximately 2.6 times bigger). Comparing housing density to the United States average of 38.9, Meade County is only about 4.7% larger. Also, in comparison with the state of Kentucky, housing density of 50.4, Meade County is about 23.7% smaller.

In Figure 4, 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 5.8% which is the third most housing units of all other counties in the greater Meade County region. The county with the highest change in the housing units in the area is Hardin County which depicts a housing units of 7.9% (36.6% larger). Comparing change in the housing units to the United States average of 5.7%, Meade County is only slightly larger. Also, measured against the state of Kentucky, change in the housing units of 2.9%, Meade County is about twice as large.

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.) Meade County depicts it has a Renter Percent of 27.4% which is the second most of all the counties in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 72.6% which is the second smallest as measured by owner percent of all the other counties in the greater region.

Meade County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Meade County home price is illustrated for this community and a useful analysis of affordable housing. Meade County depicts it has a Median Home Value of $153,500 which is the third most of all other counties in the metropolitan area. The county with the highest median home price in the area is Bullitt County which depicts a home price of $165,500 (7.8% larger). Figure 8 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 $856 which is the largest of all counties in the greater Meade County region. Comparing rental rates to the United States average of $1,062, Meade County is about 24.1% smaller. Also, measured against the state of Kentucky, rental rates of $763, Meade County is 12.2% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Meade County has the percentage of home price worth less than $50,000 in the center range of other counties in the local area at 20% of the total.

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. Meade County shows it has a Median Owner Cost of $921 which is the second most of all the 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 Meade County metro area. it has a Owner Cost as % of HH Income of 16% which is less than most other counties in the metropolitan 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. Meade County shows it has a Median Home Value as Percent of Median Earnings of 355% 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.

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.) Meade County shows it has a Median Owner Costs-With Mortgage of $1,193 which is the third most median housing cost of all other counties in the greater Meade County 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 $371 which is the third most median housing cost of all other counties in the greater Meade County 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. Meade County has the percentage of owner cost less than $300 in the middle range of other counties in the greater region at 20% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 10% of the total. Third, it has the largest proportion of owner cost between $700 and $1,000 at 31% of the total and is ranked #1.

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.) Meade County shows it has a % of Income Owner Costs-With Mortgage of 18% which is the second smallest in terms of 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 20% (7.7% 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. Meade County depicts 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 Meade County region. The county with the highest cost as a percent of household income in the area is Crawford County which depicts a cost as a percent of household income of 13% (23.5% 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.) Meade County has the largest proportion of rent as a percent of income is less than 10 pct at 29% of the total and is ranked #1. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 28% of the total and is ranked #1. Third, it has the smallest proportion of rent as a percent of income is between 30pct to 40pct at 4% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Meade County has the smallest proportion of housing cost between $300 and $500 at 11% 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 $1,235 which is the second most median real estate taxes paid of all the counties in the greater Meade County region. The county with the highest median real estate taxes paid in the area is Bullitt County which shows a taxes paid of $1,552 (25.7% larger). Comparing median real estate taxes paid to the United States average of $2,471, Meade County is approximately half the size. Also, in comparison with the state of Kentucky, median real estate taxes paid of $1,210, Meade County is only slightly larger.

Figure 22 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 27% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Meade County Kentucky has the percentage of rent less than 300 dollars the second smallest in terms of rent less than 300 dollars of all the other counties in the local area at 6% of the total. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 30% of the total and is ranked #2. The only larger county being Hardin County with 31%. Third, it has one of the largest proportions of rent between 750 and 1000 dollars at 19% of the total and is ranked #3. Only #2 Hardin County (20%), and #1 Bullitt County (25%) are larger. Also, it has the largest proportion of rent between $1,500 and $2,500 at 1% of the total and is ranked #1.

Meade County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is the second smallest in order of family members per housing unit of all the other counties in the greater region. The county with the highest family members per housing unit in the area is Crawford County which shows a family members per housing unit of 3.5 (11.2% larger). Comparing family members per housing unit to the United States average of 3.3, Meade County is about 6.0% smaller. Also, in comparison with the state of Kentucky, family members per housing unit of 3.1, Meade County is about the same size.

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 5.8 which is is the uppermost of the counties in the greater Meade County region. 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 1987 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 depicts a year built of 1991 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2014 or later at 6% of the total and is ranked #2. The only larger county being Hardin County with 7%. Second, it has one of the largest proportions of homes built between 2010 to 2013 at 20% of the total and is ranked #2. The only larger county being Bullitt County with 21%. Third, it has the second smallest in terms of homes built in 2014 or later of all the other counties in the area when sorted by homes built between 1940 to 1949 at 4% 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. it has one of the largest proportions of owner housing units at 2,926 of the total and is ranked #3. Only #2 Bullitt County (5,847), and #1 Hardin County (16,041) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 6% of the total and is ranked #1. Second, it has the smallest proportion of 10 to 19 units 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 metropolitan area at $193,100 of the total. Second, it has in the center range of other counties in the area when sorted by value of homes built 2010 to 2013 at $164,300 of the total. 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 $146,500 of the total. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $142,900 of the total and is ranked #3. Only #2 Harrison County ($157,800), and #1 Bullitt County ($173,300) are larger. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $154,700 of the total and is ranked #1. Furthermore, it has in the mid range of other counties in the metro area as measured by value of homes built 1970 to 1979 at $119,900 of the total. Next it has less than most other counties in the local area when sorted by value of homes built 1960 to 1969 at $88,300 of the total. Additionally, it has the largest proportion of value of homes built 1950 to 1959 at $150,000 of the total and is ranked #1. And then, it has the largest proportion of value of homes built 1940 to 1949 at $151,300 of the total and is ranked #1.

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 Meade County residents. it has a Owner-Household Size of 2.7 which is in the mid range of other counties in the metro area. The county with the highest homeowner household size in the area is Harrison County which shows a homeowner household size of 2.8 (only about 3.7% larger).

Figure 37 shows the household size for renters. Meade County depicts it has a Renter-Household Size of 2.4 which is less than most other counties in the greater region. The county with the highest renter household size in the area is Crawford County which shows a renter household sizes of 2.7 (12.4% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2010 to 2014 at 35% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 1990 to 1999 at 12% of the total. Figure 39 shows the year that people who rent moved into the area. Meade County has the largest proportion of renters moved in 2017 or later at 39% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2015 to 2016 at 18% of the total. Third, it has the smallest proportion of renters moved in 2000 to 2009 at 1% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2005 which is the highest of all counties in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 69% of the total and is ranked #2. The only larger county being Hardin County with 70%. Second, it has less than most other counties in the metro area in terms of homes using coal or coke at 4% 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 Meade County housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Meade County shows it has a Total In Group Quarters of 259 which is the second smallest in order of total people living in group quarters of all the other counties in the greater region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Meade 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.) Meade County has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.