Counties / Kentucky / Anderson County

Anderson County, KY

FIPS 21005 · population 24,353 · part of Frankfort, KY

$266k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$266k
▲ 0.9% year over year
Zillow ZHVI · direct
Median asking rent
$1,138
n/a year over year
Zillow ZORI · direct
Gross yield
5.1%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,042
market rent is 1.09x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+54.7%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.9%FHFA HPI2025+4.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$225k
Surveyed gross rent$927
Rent burden 30%+45.8%
Median year built1989
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
6.5%vacant
10,326estimated housing units
Occupied tenure22.4% renter
owner 77.6%renter 22.4%
Structure mix85.0% single-family
Single-family 85.0%20+ units 0.3%Mobile home 6.6%Other 8.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs5,154▲ 1.7% from the prior annual release
Covered establishments585annual average reporting locations
Average weekly wage$986▲ 4.7% from the prior annual release
Largest private supersectorManufacturing27.3% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.7%WEEKLY WAGE+4.7%Manufacturing27.3%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Anderson County’s decision tension is a muted Zillow county home-value change against a stronger FHFA repeat-transaction index result, while current rent and carrying costs must support the case. Investors considering acquisitions should investigate property-level income and flood exposure; buyers relying on appreciation or list prices should be cautious. Zillow’s county observation for 2026-06 puts the median home value at $266,498, up 0.95% year over year. Separately, FHFA’s 2025 annual repeat-transaction HPI rose 4.6% year over year and 54.73% over five years. The index is not a home value, and its period and method cannot be blended with Zillow’s observation.

02Housing economics

Published median asking rent is $1,138 per month, and the supplied gross yield is 5.12% before operating costs. This is measured market rent, whereas the $1,042 monthly HUD two-bedroom FMR is a payment standard rather than an asking-rent estimate. The 0.75% effective property-tax rate and $1,697 median annual tax are carrying-cost indicators, not a parcel tax bill. Underwriting still needs assessed value, exemptions, insurance and maintenance to turn gross yield into net income.

03Demand & competition

Realtor.com’s MLS listing market in 2026-06 had 68 active listings, 20.54% more than a year earlier, a 54-day median marketing time, and 20.53% of listings with price reductions. This is visible supply and seller-concession evidence, not closed-sale pricing or proof of buyer demand by itself. Net migration of 93 tax-return households and higher inbound than outbound average AGI add a modest demographic positive. The reported investor share is 7.47% of 281 purchases, so investor competition is present but needs transaction-level verification. QCEW reports annual covered employment at county workplaces increased, with Manufacturing the largest disclosed private supersector; it is not resident employment.

04Risk & next checks

Inland flood is the dominant hazard, and the modeled annual climate-loss ratio is 0.15% of building value. That is a modeled risk measure, not a property-specific cash expense. Next checks are flood-zone status, insurance quotes, property condition, lease rollover, vacancy, and closed sales plus neighborhood-level rents. Their absence prevents a property-level net-income conclusion and validation of whether MLS asks translate into executable acquisition pricing.

Cities & communities

Where people live within Anderson County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Lawrenceburg city11.9K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

1 Census places

Population
  1. 01
    Lawrenceburg cityIncorporated place
    11,943

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.150% of building value expected lost per year

Effective property tax0.75%

$1,697 median annual bill

02
DemandIRS SOI household flows
Net migration+93

706 in · 613 out

Arriving vs leaving income+$2,336

$52,171 arriving · $49,835 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.5%

21 of 281 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings68▲ 20.5% year over year
Median days on market54▲ 6.9% year over year
Listings price-reduced20.5%seller-concession signal
Median listing pricen/a▲ 10.0% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Frankfort, KY

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Anderson County24,353$266k$1,1385.1%inland flooding
Franklin County51,842$247k$1,1515.6%inland flooding
Bear case

What can break the county thesis

  1. Flood-model loss may understate parcel-specific flood-zone exposure and insurance costs.
  2. MLS asking prices and visible concessions may diverge from closed-sale pricing.
  3. Gross yield excludes vacancy, maintenance, insurance, financing and other operating costs.
Underwriting questions

Before pricing a property

How should HUD FMR be used?

It is a two-bedroom payment standard, not an estimate of market asking rent.

What does the FHFA figure measure?

It is a repeat-transaction appreciation index, not a dollar home value.

What does QCEW employment count?

It counts annual covered jobs at workplaces in the county, not resident employment.