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Magoffin County

Learn about the people, housing, costs and businesses in Magoffin County County

Median Home$98,515
Median Rent$743/month
Population11,348
Leading IndustriesPublic Administration · Manufacturing · Professional Services33% public administration
Young Adults25% of residents
Homeowners75% of occupied units
NotableAffordable Market$99k median home · lower cost than 94% of the country
Magoffin County
KY

Frequently Asked Questions

What are today's mortgage rates in Magoffin County?

As of today, the 30-year fixed mortgage rate for Magoffin County is approximately 7.198% (7.228% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Magoffin County
What is the median home price in Magoffin County?

The median home value in Magoffin County is $99k. The median monthly rent is $743. Annual property taxes average $730. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Magoffin County?

Based on a typical all-in ownership cost of $516/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Magoffin County is $33k/year.

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What industries drive the economy in Magoffin County?

The largest employment sectors in Magoffin County are public administration (33%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas