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Boone County, KY

RANK #399 / 996  ·  POP 136,150  ·  KY

PROJECTED GROWTH: +1.1%

Boone County sits in the middle of the pack — stable but not accelerating.

[01] Why Boone County?

Boone County, Kentucky, is home to Rabbit Hash, a small Ohio River community notable for its historic general store and a tradition of electing canine mayors. Located in northern Kentucky, the county sits on the Ohio River and is part of the larger Cincinnati metropolitan area. Burlington serves as the county seat. Commuting to Cincinnati is common, with options including personal vehicles and the Transit Authority of Northern Kentucky (TANK) bus service, which offers park-and-ride locations. The community offers a blend of suburban and rural living, with access to outdoor recreation like the Boone County Arboretum, the nation's first arboretum within an active recreation park setting. Big Bone Lick State Park, known as the "birthplace of American paleontology," also provides natural scenery and historical interest.

Life in Boone County often appeals to families and young professionals, many of whom commute to nearby Cincinnati. The public school system is highly rated, with numerous elementary, middle, and high schools serving the area. The economy is experiencing growth, particularly in logistics and transportation, driven in part by the expansion of the Cincinnati/Northern Kentucky International Airport into a major cargo hub. This has led to ongoing commercial and residential development, with new housing construction targeting various income levels. The county is projected to see continued population growth and job creation in the coming decades.

[02] Market Snapshot

Housing Ratio
2.6x

Undervalued relative to economy

GDP Growth
-0.6%

Contracting economy

Home Prices
+2.0%

Above national median

Climate & Terrain
0.3

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.6x — 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

Boone County U.S. National

The Numbers

DEMOGRAPHICS
Population
136,150
+1.15% YoY
Median Household Income
$91,697
Median Home Value
$237,600
+1.96% 12mo
Median Rent
$1,177
Average Annual Pay
$59,189
+4.7% YoY
Employment
102,941
-1.1% YoY
Income-to-Home-Value
0.3859
More affordable than average
Migration Inflow
4.86%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$330,000
Days on Market
39
Active market
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
98.5%
Near asking price
Sold Above List
19.6%
Listings w/ Price Drops
26.0%
Building Permits (2024)
1,430
Single-Family Permits
452

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

[05] Capital Investment

$250M
TOTAL
PROJECT AMOUNT STATUS
Union Residential Development (882 units)
Fischer Homes / Grand Communities LLC
$200M Proposed
Amazon Last-Mile Delivery Station
Amazon
$50M Operating

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

[06] Score Breakdown

GDP Growth -0.6% 5 percentile
Population Growth +1.1% 75 percentile
Income Growth +5.4% 5 percentile
Vacancy Rate 0.7% 84 percentile
Home Price Change +2.0% 58 percentile
Rent Growth +2.5% 41 percentile
Price/Rent 11x 82 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Boone County has a Boom Town Index score of 60/100, ranking #399 among 996 U.S. counties. With job growth at -1.1% and a median household income of $91,697, it's an above-average county on economic indicators.

Is Boone County affordable?

The median home value in Boone County is $237,600 with median rent at $1,177/month. The income-to-home-value ratio is 0.3859, which is more affordable than the national average.

Is Boone County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: -1.1%. Home values changed +2.0% in the past 12 months.

Are people moving to Boone County?

Yes — 4.86% of Boone County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Pickaway County, OH 70 Campbell County, KY 70 Kings County, NY 70 Dauphin County, PA 70 Lehigh County, PA 70 Providence County, RI 70 Anchorage Municipality, AK 70 Otero County, NM 70