Rolling Hills, Kentucky Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Rolling Hills, Kentucky rental market.

Rolling Hills, Kentucky

Average Apartment Rent

$1,342

Y-o-Y Change in Average
Apartment Rent

-0.5%

As of November 2024

Compared to a year ago, Rolling Hills, Kentucky apartments have recorded a -0.5% rent decrease.

Rolling Hills, Kentucky Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Rolling Hills $1,080 $1,086 $1,179 $1,199 $1,261 $1,273 $1,349 $1,376 $1,357 $1,342
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Rolling Hills
National
Nov 2021
$1,080
$1,596
Mar 2022
$1,086
$1,635
Jul 2022
$1,179
$1,708
Nov 2022
$1,199
$1,726
Mar 2023
$1,261
$1,714
Jul 2023
$1,273
$1,739
Nov 2023
$1,349
$1,733
Mar 2024
$1,376
$1,727
Jul 2024
$1,357
$1,752
Nov 2024
$1,342
$1,748

Rolling Hills, Kentucky Average Apartment Rent

Rolling Hills, Kentucky Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 69.18%, apartments priced $1,000 - $1,500 represent the bulk of Rolling Hills, Kentucky rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.64%.

Rolling Hills, Kentucky Housing tenure**

Renter occupied housing units 105
Owner occupied housing units 336

Renters take up 24% of Rolling Hills, Kentucky real estate, occupying a total of 105 units, while homeowners live in 336 properties.

Median number of rooms of renter-occupied housing units**

4.2

Renter median household income**

$39,219

Average household size of renter-occupied housing units**

2.53

Rental vacancy rate**

7.1%

Rolling Hills, Kentucky Renter-occupied housing units by no. of bedrooms**

No bedrooms 4
1 bed 4
2 beds 67
3 beds 17
4 beds 9
5 or more beds 4

There are 67 rentals in Rolling Hills, Kentucky with 2 beds making up the highest share of the market, at 64%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 4 units. Overall, the median number of rooms in Rolling Hills, Kentucky homes for rent is 4.2.

Rolling Hills, Kentucky Renter-occupied units by age of householder**

15 - 24 years 16
25 - 34 years 16
35 - 44 years 14
45 - 54 years 28
55 - 59 years 9
60 - 64 years 11
65 - 74 years 5
75 - 84 years 6

Most condos for rent in Rolling Hills, Kentucky are occupied by residents in the 45 - 54 years age group (27%), followed by those in the 25 - 34 years age group (15%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 5%.

Rolling Hills, Kentucky Renter-occupied housing units by family type**

Family households 71
Non-Family Households 34

Rolling Hills, Kentucky Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 29
No related children of the householder under 18 76

A total of 71 apartments for rent in Rolling Hills, Kentucky, or 68% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 29 units. All in all, the median size of a renter-occupied household in Rolling Hills, Kentucky is 2.53.

Rolling Hills, Kentucky Renter-occupied housing units by educational attainment**

Less than high school graduate 9
High school graduate (including equivalency) 52
Some college or associate's degree 28
Bachelor's degree or higher 16

In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Rolling Hills, Kentucky.

Rolling Hills, Kentucky Renter-occupied units by year structure built**

Built 1980 - 1989 34
Built 1970 - 1979 48
Built 1960 - 1969 16
Built 1950 - 1959 7

The highest share of Rolling Hills, Kentucky apartment rentals, namely 46% or 48 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (32%, 34 units), and the ones Built 1960 - 1969 (15%, 16 units).

Rolling Hills, Kentucky Renter-occupied units by year householder moved in**

Moved in 2018 to 2020 40
Moved in 2010 to 2017 47
Moved in 2000 to 2009 18

Median year renter moved into unit 2016

Most Rolling Hills, Kentucky renters (45%) moved in 2010 to 2017, while only 17% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Rolling Hills, Kentucky condos for rent is 2016.

Rolling Hills, Kentucky Renter-occupied housing units by vehicles available**

No vehicle available 22
1 vehicle available 44
2 vehicles available 33
3 or more vehicles available 6

When it comes to transportation options, 42% of Rolling Hills, Kentucky renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 21% have No vehicle available.

Rolling Hills, Kentucky Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 121
Car, truck, or van - carpooled 4
Public transportation (excluding taxicab) 2
Walked 18
Worked at home 13

Rolling Hills, Kentucky Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 237
Moved within same county 11
Moved from different state 6

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rolling Hills, Kentucky apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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