Owsley County Area Home Supply Charts

This page looks at a variety of Owsley 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. Owsley County depicts it has a Housing Units of 2,230 which is the smallest as measured by housing units of all the other counties in the metro area.

Figure 2 illustrates the housing density in the Owsley County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Owsley County depicts it has a Housing Density of 11.3 which is the smallest as measured by housing density of all the other counties in the surrounding region. The county with the highest housing density in the area is Estill County which shows a density of 27.4 (approximately 2.4 times bigger). Comparing housing density to the United States average of 38.9, Owsley County is approximately a third the size. Also, versus the state of Kentucky, housing density of 50.4, Owsley County is approximately a fifth the size.

In Figure 4, Owsley County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Owsley County shows it has a Housing Unit Change of -4.2% which is the smallest in order of change in the housing units of all the other counties in the surrounding region. The county with the highest change in the housing units in the area is Breathitt County which depicts a housing units of 2.0% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, Owsley County is about the same size. Also, benchmarked against the state of Kentucky, change in the housing units of 2.9%, Owsley County is 42.9% larger.

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.) Owsley County shows it has a Renter Percent of 31.6% which is the third most renter percent of all other counties in the greater Owsley County region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 68.4% which is less than most other counties in the local area.

Owsley County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Owsley County home price is illustrated for this community and a useful analysis of affordable housing. Owsley County shows it has a Median Home Value of $70,200 which is the third most median home prices of all other counties in the greater Owsley County region. The county with the highest median home price in the area is Jackson County which shows a home price of $87,200 (24.2% larger). Figure 8 provides aggregate comparative data for the Owsley County Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Owsley County shows it has a Median Gross Rent of $316 which is the smallest as measured by rental rates of all the other counties in the greater region. The county with the highest rental rates in the area is Estill County which shows a rental rates of $574 (about twice as large). Comparing rental rates to the United States average of $1,062, Owsley County is approximately a third the size. Also, versus the state of Kentucky, rental rates of $763, Owsley County is approximately half the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Owsley County has the percentage of home price worth less than $50,000 in the mid point range of other counties in the local area at 32% of the total. Second, it has the largest proportion of home price worth between $200,000 to $300,000 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. Owsley County depicts it has a Median Owner Cost of $484 which is the second most of all the counties in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Owsley County metro area. it has a Owner Cost as % of HH Income of 16% which is in the mid range of 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. Owsley County shows it has a Median Home Value as Percent of Median Earnings of 218% which is the third most of all other counties in the greater 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.) Owsley County depicts it has a Median Owner Costs-With Mortgage of $869 which is in the mid point range of other counties in the surrounding 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 $309 which is the second most of all the counties in the metro area.

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. Owsley County has the smallest proportion of owner cost less than $300 at 23% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 17% of the total and is ranked #1. Third, it has one of the largest proportions of owner cost between $500 and $700 at 20% of the total and is ranked #2. The only larger county being Jackson County with 22%. Also, it has the largest proportion of owner cost between $1,500 and $2,000 at 4% 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.) Owsley County shows it has a % of Income Owner Costs-With Mortgage of 19% which is the smallest as measured by cost as a percent of household income of all the other counties in the metropolitan area. The county with the highest cost as a percent of household income in the area is Wolfe County which shows a cost as a percent of household income of 23% (21.8% 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. Owsley County shows it has a % of Income Owner Costs-No Mortgage of 12% which is the third most cost as a percent of household income of all other counties in the greater Owsley County region. The county with the highest cost as a percent of household income in the area is Lee County which depicts a cost as a percent of household income of 14% (10.6% 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.) Owsley County has the smallest proportion of rent as a percent of income is less than 10 pct at 6% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 23% of the total and is ranked #2. The only larger county being Estill County with 25%. Third, it has the smallest proportion of rent as a percent of income is between 30pct to 40pct at 2% of the total. Also, it has the smallest proportion of rent as a percent of income is between 40pct to 50pct at 14% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Owsley County has the smallest proportion of housing cost less than $300 at 20% of the total. Second, it has the smallest proportion of housing cost between $1,000 and $1,500 at 1% of the total. Third, it has the largest proportion of housing cost between $1,500 and $2,000 at 3% of the total and is ranked #1.

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 $575 which is in the intermediate range of other counties in the local area. The county with the highest median real estate taxes paid in the area is Jackson County which depicts a taxes paid of $632 (9.9% larger). Comparing median real estate taxes paid to the United States average of $2,471, Owsley County is approximately a quarter the size. Also, compared to the state of Kentucky, median real estate taxes paid of $1,210, Owsley County is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Owsley 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. Owsley 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. Owsley County Kentucky has the smallest proportion of rent less than 300 dollars at 16% of the total. Second, it has the second smallest in order of rent less than 300 dollars of all the other counties in the greater region as measured by rent between 300 and 500 dollars at 15% of the total. Third, it has the largest proportion of rent between $1,500 and $2,500 at 1% of the total and is ranked #1.

Owsley County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the third most family members per housing unit of all other counties in the greater Owsley County region. The county with the highest family members per housing unit in the area is Estill County which depicts a family members per housing unit of 3.3 (only about 3.0% larger). Comparing family members per housing unit to the United States average of 3.3, Owsley County is only about 3.6% smaller. Also, in comparison with the state of Kentucky, family members per housing unit of 3.1, Owsley County is only slightly 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 5.2 which is less than most other counties in the local area. The county with the highest average number of rooms in a house in the area is Jackson County which depicts an average number of rooms in a house of 5.4 (only about 3.8% 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 1984 which is in the intermediate range of other counties in the local area. The county with the highest year built in the area is Clay County which depicts a year built of 1988 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 19% of the total and is ranked #1. Second, it has the second smallest in order of homes built in 2014 or later of all the other counties in the local area in order of 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. has the smallest proportion of owner housing units at 538 of the total.

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 2 units at 3% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $151,800 of the total and is ranked #2. The only larger county being Wolfe County with $158,300. Second, it has less than most other counties in the metro area as measured by value of homes built 2010 to 2013 at $59,300 of the total. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $72,400 of the total and is ranked #2. The only larger county being Jackson County with $75,900. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $67,700 of the total and is ranked #2. The only larger county being Estill County with $75,500. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $81,400 of the total and is ranked #2. The only larger county being Estill County with $82,200. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $69,100 of the total and is ranked #2. The only larger county being Estill County with $72,000. Next it has the second smallest in order of value of homes built 2014 or later of all the other counties in the metro area when sorted by value of homes built 1960 to 1969 at $52,900 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 24% 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 Owsley County residents. it has a Owner-Household Size of 2.8 which is more than all other counties in the greater Owsley County region.

Figure 37 shows the household size for renters. Owsley County shows it has a Renter-Household Size of 2.1 which is in the mid point range of other counties in the local area. The county with the highest renter household size in the area is Estill County which depicts a renter household sizes of 2.6 (19.1% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 9% of the total and is ranked #3. Only #2 Jackson County (9%), and #1 Wolfe County (10%) are larger. Second, it has the second smallest as measured by owners moved in 2017 or later of all the other counties in the local area when ranked by owners moved in 2015 to 2016 at 9% of the total. Third, it has the largest proportion of owners moved in 1990 to 1999 at 26% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Owsley County has the smallest proportion of renters moved in 2017 or later at 13% of the total. Second, it has the second smallest when ranked by renters moved in 2017 or later of all the other counties in the local area as measured by renters moved in 2010 to 2014 at 9% 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 2000 which is the smallest as measured by median year that a home owner moved in of all the other counties in the local area. Figure 41 compares the median year that renters moved into their home. Owsley County depicts it has a Renter Median Year Moved In of 2013 which is the third most median year that a renter moved in of all other counties in the greater Owsley County region.

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 61% of the total and is ranked #2. The only larger county being Jackson County with 72%. Second, it has the largest proportion of home using electricity at 13% of the total and is ranked #1. Third, it has the largest proportion of homes using coal or coke at 14% of the total and is ranked #1. Also, it has less than most other counties in the greater region when ranked by 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 Owsley County housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Owsley County depicts it has a Total In Group Quarters of 83 which is the smallest as measured by total people living in group quarters of all the other counties in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Owsley 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.) Owsley 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.