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Affordable
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These days, finding an affordable place to live in the Anderson area can be challenging. Home prices in Anderson are now at a median cost of $165,085, lower than the Kentucky average of $219,615.
The average cost of rent is $745/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. In Anderson, 16.46% of households rent, and 49.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anderson is $4,926 per month. Households that rent pay about 15.13% of their income on rent here. Anderson’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Insco, KY: less expensive homes
- Quality, KY: less expensive homes
- Homer, KY: less expensive homes
- Chandlers Chapel, KY: higher priced homes
- Gasper, KY: higher priced homes
- Sharer, KY: less expensive homes
- Harreldsville, KY: less expensive homes
- Silver City, KY: less expensive homes
- Edwards, KY: less expensive homes
- Cooperstown, KY: less expensive homes
Cities with Similar Populations
- Pearl City, TN: higher priced homes
- Shawver Mill, VA: less expensive homes
- Waverley, ME: higher priced homes
- Gans, PA: equally priced homes
- Burchfield, AL: higher priced homes
- Fulton Bridge, AL: less expensive homes
- Weskan, KS: less expensive homes
- Skykomish, WA: higher priced homes
- West Carlsbad, NM: higher priced homes
- Small, NC: equally priced homes
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