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Daviess County, KY

Owensboro

RANK #159 / 996 NAT  ·  #2 / 19 KY  ·  POP 102,916

1YR FORECAST: +2.0%

5YR OUTLOOK: +33%

Our model projects Daviess County's housing market to grow +2.0% over the next year, significantly outpacing the national average.

[01] Why Daviess County?

Daviess County, Kentucky, is known for its distinctive barbecue mutton and its historical role in bourbon distilling. The county seat, Owensboro, sits along the Ohio River, approximately an hour's drive southeast of Evansville, Indiana, and about two hours north of Nashville, Tennessee. The community offers a blend of urban amenities in Owensboro and a more rural feel in its smaller towns like Whitesville and Philpot. Commutes within the county are generally short, ranging from 5 to 20 minutes. The landscape features flat areas near the river and rolling hills to the south, with numerous parks like Yellow Creek and Panther Creek offering hiking, fishing, and disc golf.

Life in Daviess County appeals to families, with public schools in the Daviess County Public School District generally performing above average. The cost of living is lower than the national average. The economy, historically rooted in agriculture and manufacturing, is experiencing growth driven by investments in various sectors. Recent expansions in manufacturing and other industries have created new jobs. The county's river port also plays a role in commerce, facilitating the movement of goods.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+1.0%

Well below national median

Home Prices
+2.0%

Outpacing national median

Climate & Terrain
-1.2

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Owensboro Health Healthcare
    2,500+
  2. 2
    Daviess County Public Schools Education
    1,000+
  3. 3
    Swedish Match Manufacturing
  4. 4
    US Bank Home Mortgage Finance
  5. 5
    Audubon Area Community Services Other
  6. 6
    Specialty Food Group Manufacturing
  7. 7
    Owensboro Community & Technical College Education
  8. 8
    City of Owensboro Government
  9. 9
    UniFirst Manufacturing
  10. 10
    Metalsa Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Daviess County U.S. National

The Numbers

DEMOGRAPHICS
Population
102,916
+0.42% YoY
Median Household Income
$64,021
Median Home Value
$171,100
+2.05% 12mo
Median Rent
$890
Average Annual Pay
$53,566
+1.9% YoY
Employment
47,217
+2.3% YoY
Income-to-Home-Value
0.3742
More affordable than average
Migration Inflow
2.71%
of pop. from another state
Bachelor's Degree+
25.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$226,350
Days on Market
32
Active market
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
96.9%
Negotiation room for buyers
Sold Above List
9.8%
Listings w/ Price Drops
33.3%
Building Permits (2024)
226
Single-Family Permits
198

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.1
per 100K · nat avg 6.3
Firearm Fatalities
16.8
per 100K · nat avg 14.8
Injury Deaths
81.8
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
48.3
Good
Good Air Days
56%
529 of 946 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
48
2022
46
2023
51
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$450M
TOTAL
PROJECT AMOUNT STATUS
Reid - Daviess Co 161 kV Solar Project
Undisclosed
$200M Planned
Owensboro Solar Project
NextEra Energy Resources
$150M Planned
Daviess County RNG Project (Landfill Gas-to-Energy)
Red Tail Renewables / Pacolet Milliken / Inyarek partners (TC Energy for pipeline connection)
$50M Operating
Public Safety Facility (Sheriff's Office, Fire Station, EMA, Backup Dispatch)
Daviess County
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.0% 17 percentile
Population Growth +0.4% 48 percentile
Income Growth +11.0% 90 percentile
Vacancy Rate 1.3% 29 percentile
Home Price Change +2.0% 60 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 11x 84 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Daviess County, KY a good place to move to?

Daviess County ranks #159 out of 996 U.S. counties on the Boom Town Index with a score of 84/100, putting it in the top tier nationally. Job growth of +2.3% and a median household income of $64,021 point to a county with active economic momentum.

Is Daviess County affordable?

By national standards, Daviess County is quite affordable. Homes here have a median value of $171,100, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $890/month. Residents can generally buy a home without being cost-burdened.

Is Daviess County growing or shrinking?

Employers in Daviess County are hiring — job growth of +2.3% — but the population is close to flat (+0.4% YoY). Home values moved +2.0% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Daviess County?

There's a moderate stream of newcomers. About 2.71% of residents moved from another state, which is above average and suggests Daviess County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Bullitt County, KY 87 Kenton County, KY 81 Jessamine County, KY 79 Fayette County, KY 70 Scott County, KY 61 Jefferson County, KY 42 Calhoun County, AL 84 La Crosse County, WI 84