Housing in Floyd County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Floyd County averages $672/month for a 2‑bedroom in 2024, compared to the Kentucky median of $967 and the national median of $1,413. Local renters spend approximately 34% of household income on rent, above the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Floyd County FMR Area are $690 for a studio, $736 for 1‑bedroom, $966 for 2‑bedroom, $1,185 for 3‑bedroom, and $1,296 for 4‑bedroom.

The U.S. Bureau of Labor Statistics annual unemployment rate for Floyd County was 7.1% in 2024, compared to Kentucky at 5.1% and the national rate of 4.0%.

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Towns near Melvin

City
County
State
Miles
Floyd
KY
0.0
Floyd
KY
1.6
Floyd
KY
1.8
Floyd
KY
2.0
Floyd
KY
2.5
Floyd
KY
3.0
Floyd
KY
3.6
Floyd
KY
4.3
Floyd
KY
4.6
Floyd
KY
7.0
Floyd
KY
7.6
Floyd
KY
7.9
Floyd
KY
8.7
Floyd
KY
9.2
Floyd
KY
9.3
Floyd
KY
9.6
Floyd
KY
10.9
Floyd
KY
11.0
Floyd
KY
11.7
Floyd
KY
11.8
Floyd
KY
12.0
Floyd
KY
12.4
Floyd
KY
12.8
Floyd
KY
13.2
Floyd
KY
13.3
Floyd
KY
13.9
Floyd
KY
14.3
Floyd
KY
15.2
Floyd
KY
16.8
Floyd
KY
17.6
Floyd
KY
18.0
Floyd
KY
18.6
Floyd
KY
19.5

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