Average Rent in Hancock County, KY↓ Rents falling 5.3% YoY

Hancock County, KY has rental prices ranging from $693/month to $1,344/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $784/month — 44% below the national average of $1,400/month. With a median household income of $66,836/year, spending $784/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Hancock County Compares

With an average 2-bedroom rent of $962/month, Hancock County ranks #35 most expensive of the 107 cities tracked in Kentucky — more affordable than 77% of all US cities in our data.

The Hancock County Rental Market

The Hancock County, KY area has a population of about 9,032 and 22% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Hancock County, KY have fallen by $54/month (5.3%) over the past year, from $1,016 to $962. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Hancock County, KY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,360. The local median household income of $66,836 exceeds that threshold by $35,476, making Hancock County relatively accessible compared to local wages.

Is Hancock County, KY Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Hancock County?

Break-even analysis and mortgage estimates based on local market data.

Living in Hancock County

Cost of living, job market, crime rates, and moving cost estimates.