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Laurel County, KY

RANK #347 / 996  ·  POP 62,442  ·  KY

PROJECTED GROWTH: +1.3%

Laurel County combines solid growth with real affordability — a rare combination.

[01] Why Laurel County?

Laurel County, Kentucky, is perhaps best known as the birthplace of Kentucky Fried Chicken, with the original Harland Sanders Café and Museum located just north of Corbin. The county, with London as its seat, is situated in southeastern Kentucky, approximately 75 miles from Lexington. It offers a blend of natural beauty and historical significance, with portions of the Daniel Boone National Forest and Laurel River Lake providing extensive opportunities for hiking, boating, fishing, and scuba diving. The community maintains a connection to its pioneer past through sites like Levi Jackson Wilderness Road Park, which features hiking trails along historic routes.

Life in Laurel County offers a relatively affordable cost of living. The local economy is supported by a mix of manufacturing, agriculture, and retail, with ongoing efforts to attract new businesses through the development of industrial parks. London, the largest town, is recognized as the "Cycling Capital of Kentucky" due to its trails. The Laurel County Public Schools system serves the area, with London being home to several elementary, middle, and high schools. Residents tend to own their homes, and the area is considered family-friendly.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+2.3%

Below national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
1.2

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Laurel County U.S. National

The Numbers

DEMOGRAPHICS
Population
62,442
+0.57% YoY
Median Household Income
$53,693
Median Home Value
$141,300
+2.25% 12mo
Median Rent
$772
Average Annual Pay
$48,566
+5.1% YoY
Employment
26,264
+0.4% YoY
Income-to-Home-Value
0.38
More affordable than average
Migration Inflow
2.33%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$237,200
Days on Market
75
Slower market
Months of Supply
4.2
Balanced market
Sale-to-List Ratio
95.6%
Negotiation room for buyers
Sold Above List
11.4%
Listings w/ Price Drops
22.0%
Building Permits (2024)
16
Single-Family Permits
10

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

[06] Score Breakdown

GDP Growth +2.3% 44 percentile
Population Growth +0.6% 56 percentile
Income Growth +15.2% 100 percentile
Vacancy Rate 1.4% 26 percentile
Home Price Change +2.2% 62 percentile
Price/Rent 15x 31 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Laurel County has a Boom Town Index score of 65/100, ranking #347 among 996 U.S. counties. With job growth at +0.4% and a median household income of $53,693, it's an above-average county on economic indicators.

Is Laurel County affordable?

The median home value in Laurel County is $141,300 with median rent at $772/month. The income-to-home-value ratio is 0.38, which is more affordable than the national average.

Is Laurel County growing or shrinking?

Population growth: +0.6% year-over-year. Job growth: +0.4%. Home values changed +2.2% in the past 12 months.

Are people moving to Laurel County?

Yes — 2.33% of Laurel County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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