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Laurel County, KY

London

RANK #897 / 996 NAT  ·  #18 / 19 KY  ·  POP 62,442

1YR FORECAST: +0.4%

5YR OUTLOOK: +12%

Our model projects Laurel County's housing market at +0.4% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Retail Trade Sector Retail
    2,500+
  2. 2
    Manufacturing Sector Manufacturing
  3. 3
    Health Care & Social Assistance Sector Healthcare
  4. 4
    City of London, Kentucky Government
  5. 5
    Laurel Grocery Logistics
  6. 6
    Senture Other
  7. 7
    George R Campbell Other
  8. 8
    Professional Home Health Care Agency Inc. Healthcare
  9. 9
    Cumberland Valley National Bank and Trust Finance
  10. 10
    Laurel Housing, Inc. Healthcare

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

[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
Bachelor's Degree+
16.6%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.8
per 100K · nat avg 6.3
Firearm Fatalities
17.8
per 100K · nat avg 14.8
Injury Deaths
96.4
per 100K · nat avg 76.3
vs National Average
Near 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] 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?

The data is not encouraging — Laurel County scores just 9/100 on the Boom Town Index, ranking #897 of 996 counties. Job growth at +0.4% and median household income of $53,693 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Laurel County affordable?

By national standards, Laurel County is quite affordable. Homes here have a median value of $141,300, and the income-to-home-value ratio of 0.38 is well above the U.S. average — especially with median rent at just $772/month. Residents can generally buy a home without being cost-burdened.

Is Laurel County growing or shrinking?

Laurel County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.4%). Home values shifted +2.2% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Laurel County?

There's a moderate stream of newcomers. About 2.33% of residents moved from another state, which is above average and suggests Laurel County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[08] Similar Counties by Size & Score

Oldham County, KY 12 Pulaski County, KY 15 Pike County, KY 3 Hardin County, KY 20 Franklin County, KY 21 Madison County, KY 22 Kauai County, HI 9 Cherokee County, TX 9