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These days, finding an affordable place to live in the Magoffin County area can be challenging. Home prices in Magoffin County are now at a median cost of $101,814, lower than the Kentucky average of $219,615.
The average cost of rent is $765/mo in Magoffin County, primarily driven by the current value of real estate in the Magoffin County area. In Magoffin County, 24.59% of households rent, and 74.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magoffin County is $2,693 per month. Households that rent pay about 28.42% of their income on rent here. Magoffin County’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Johnson County, KY: higher priced homes
- Wolfe County, KY: less expensive homes
- Martin County, KY: equally priced homes
- Powell County, KY: higher priced homes
- Mingo County, WV: less expensive homes
- Estill County, KY: higher priced homes
- Logan County, WV: equally priced homes
- Madison County, KY: higher priced homes
- Wyoming County, WV: less expensive homes
- Garrard County, KY: higher priced homes
Counties with Similar Populations
- Vernon County, MO: higher priced homes
- Burnett County, WI: higher priced homes
- Burt County, NE: higher priced homes
- Butler County, AL: equally priced homes
- Butler County, IA: higher priced homes
- Butler County, KY: equally priced homes
- Butler County, NE: higher priced homes
- Butte County, ID: higher priced homes
- Butte County, SD: higher priced homes
- Caldwell County, KY: higher priced homes
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