What percentage of people rent in Olive Hill, KY?
30.1% (±9.6 points) of the occupied homes in Olive Hill, KY are rented (2020–2024 American Community Survey).
That is 249 renting households against 579 that own their home.
In Olive Hill, the share of households that rent went from 40.0% in 2015–2019 to 30.1% in 2020–2024 (−9.9 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 30.1% (±9.6 points)
- Renting households
- 249 (±82)
- Median renter income
- $23,194 (±$14,492)
Who rents and who owns in Olive Hill
| Olive Hill | Carter County | Kentucky | United States | |
|---|---|---|---|---|
| Renter-occupied share | 30.1% (±9.6 points) | 20.0% (±2.4 points) | 31.7% (±0.3 points) | 34.8% |
| Renting households | 249 (±82) | 2,155 (±287) | 574,561 (±5,417) | 45,017,354 |
| Owning households | 579 (±161) | 8,639 (±297) | 1,239,908 (±8,203) | 84,210,142 |
| Average renter household size | 1.8 (±0.4) | 2.1 (±0.2) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.1 (±0.3) | 2.5 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $23,194 (±$14,492) | $27,379 (±$6,584) | $39,858 (±$584) | $52,966 |
| Median owner household income | $78,599 (±$9,553) | $58,592 (±$6,099) | $78,998 (±$476) | $100,009 |
In Olive Hill, the renter share is higher than in Carter County (20.0%).
It is not measurably different from Kentucky (31.7%).
It is not measurably different from the national figure (34.8%).
Statewide, it ranks 223 of 448.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Olive Hill has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 40.0% (±8.9 points) | 30.1% (±9.6 points) | −9.9 percentage points | Not a measurable change |
| Median gross rent | $449 (±$170) | $542 (±$379) | +20.7% | No measurable change after inflation |
| Median household income | $28,333 (±$8,249) | $70,682 (±$29,688) | +149.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Olive Hill
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Olive Hill | — | 30.1% (±9.6 points) | — |
| Grayson | 13 mi | 61.0% (±9.8 points) | Higher |
| Sandy Hook | 15 mi | 57.7% (±13.8 points) | Higher |
| Morehead | 17 mi | 67.0% (±7.6 points) | Higher |
| Lakeview Heights | 21 mi | 1.6% (±4.1 points) | Lower |
| Vanceburg | 22 mi | 42.7% (±9.3 points) | Not measurably different |
| Greenup | 26 mi | 33.5% (±12.6 points) | Not measurably different |
| Cannonsburg | 26 mi | 38.0% (±21.5 points) | Not measurably different |
| Blaine | 26 mi | 26.1% (±23.0 points) | Not measurably different |
Nearby places with a measurably lower figure: Lakeview Heights, KY (1.6%).
Nearby places with a measurably higher figure: Grayson, KY (61.0%), Sandy Hook, KY (57.7%), Morehead, KY (67.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Olive Hill
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Questions about Olive Hill
How many renters are there in Olive Hill?
Olive Hill has an estimated 249 (±82) renting households, 30.1% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Olive Hill?
In Olive Hill, the share of households that rent went from 40.0% in 2015–2019 to 30.1% in 2020–2024 (−9.9 percentage points), not a measurable change.
How big are renting households in Olive Hill?
A renting household in Olive Hill has 1.8 people on average, against 2.1 in an owned home.
How much do renters earn in Olive Hill?
The median renting household in Olive Hill, KY has an income of $23,194 (±$14,492) a year, against $78,599 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Olive Hill city, Kentucky
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Olive Hill city, Kentucky
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Olive Hill city, Kentucky
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Olive Hill city, Kentucky
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Olive Hill city, Kentucky
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Olive Hill city, Kentucky (place:57918, in state:21).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Income and affordability in Olive Hill
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- Property taxes in Olive Hill
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- Age of homes in Olive Hill
- Heating fuel in Olive Hill
- Commute and cars in Olive Hill
- Crime reported to police in Olive Hill
- Population growth in Olive Hill
- Kentucky landlord and tenant rules
- Housing across Carter County
- Kentucky places ranked by share of renters
- Housing data for every place in Kentucky