Market Snapshot
| Indicator | Value |
|---|---|
| Population | 126,967 ↓ 1.4% since 2020 |
| Median Household Income | $56,093 25% below national median |
| Median Home Value | $126,900 |
| Unemployment Rate | 6.7% |
| Median Age | 45.4 years |
| Housing Vacancy Rate | 11.4% |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 321,122 |
| Population (2020) | 322,570 |
| Population Growth | -0.45% |
| Median Household Income | $67,631 |
| Median Home Value | $272,100 |
| Total Housing Units | 147,720 |
| Vacant Housing Units | 9,917 |
| Housing Vacancy Rate | 6.7% |
| Median Age | 35.2 |
| Bachelor's Degree or Higher | 55,502 (17.3%) |
| Unemployment Rate | 6.7% |
Market Overview
Fayette County, Kentucky has a population of 321,122, which has declined 0.45% since 2020. The median household income is $67,631, below the national median of $74,580 by 9.3%. The housing vacancy rate of 6.7% suggests tight market conditions. As part of Kentucky, Fayette County benefits from the state's growing interest in vacant land investment.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Fayette County, Kentucky?
As of the 2023 American Community Survey, Fayette County has a population of 321,122. The county has declined 0.45% since the 2020 Census.
What is the median household income in Fayette County?
The median household income in Fayette County is $67,631, which is 9.3% below the national median of $74,580.
Is Fayette County growing or shrinking?
Fayette County is shrinking. The population has declined 0.45% since 2020.
What is the housing market like in Fayette County?
The median home value in Fayette County is $272,100. The housing vacancy rate is 6.7%, which suggests tight market conditions. The unemployment rate is 6.7%, reflecting the local economic conditions.
Does Reelvest buy land in Fayette County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Fayette County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.