Beaver Dam, KY

This city of 3,568 residents needs 53 more housing units over the next five years.

Housing snapshot

Population
3,568 (2026)
Households
1,318
Median household income
$58,409 (2026)
Typical home value
$148,499
Owner-occupied
52%
Five-year housing need
53 units

Comparison to other Kentucky municipalities

Beaver Dam: $58,409 Median income (2026 estimate)
<$6K >$126K
Beaver Dam: 1.14 jobs to household ratio
<0.06 >3.38
Beaver Dam: Permits since 2021 represent 2.4% of housing
<0.1% >9.8%
On this page

How affordable is this community?

In Beaver Dam, KY, the typical home price of $148,499 is below the Kentucky average of $202,900. Beaver Dam, KY's median household income of $58,409 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Beaver Dam, KY has a population of roughly 3,524 that has been largely stable in recent years.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Beaver Dam, KY has roughly 1,318 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Beaver Dam, KY, detached single-family accounts for 70% of the housing stock. Beaver Dam, KY is roughly split between owners and renters, at 52% owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Beaver Dam, KY needs 53 new units over the next 5 years.

24
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
1.8%
Projected household growth rate
Expected increase in total households from 1,318 in 2026 to 1,342 in 2031.
29
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
14
Replacement housing
Effective annual loss rate is 1.9 per 1,000 units.
15
Rental vacancy adjustment
Rental vacancy is 5.0%. This is below the minimum stable target of 7.4%.
53
Total 5-year housing production need (2026-2031)
11
Annual production pace
Average units needed per year to meet 5-year need
3.6%
Total housing unit growth
Percent increase in housing stock over 5 years
0.7%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?