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Affordable
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These days, finding an affordable place to live in the Bedford area can be challenging. Home prices in Bedford are now at a median cost of $187,199, lower than the Kentucky average of $219,615.
The average cost of rent is $860/mo in Bedford, primarily driven by the current value of real estate in the Bedford area. In Bedford, 18.16% of households rent, and 55.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bedford is $5,801 per month. Households that rent pay about 14.82% of their income on rent here. Bedford’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Pleasant, KY: equally priced homes
- Monitor, KY: equally priced homes
- Wises Landing, KY: equally priced homes
- Sligo, KY: less expensive homes
- Milton, KY: equally priced homes
- Easterday, KY: less expensive homes
- Prestonville, KY: equally priced homes
- Campbellsburg, KY: equally priced homes
- Otto, IN: higher priced homes
- Pendleton, KY: higher priced homes
Cities with Similar Populations
- Brownsboro, TX: higher priced homes
- Rolling Prairie, IN: higher priced homes
- Denver, IA: higher priced homes
- Wurtsboro, NY: higher priced homes
- Malakoff, TX: equally priced homes
- Moores Hill, IN: higher priced homes
- Roundup, MT: higher priced homes
- Cuthbert, GA: less expensive homes
- Clinton, PA: higher priced homes
- Cambridge, NY: higher priced homes
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