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These days, finding an affordable place to live in the Boonesboro area can be challenging. Home prices in Boonesboro are now at a median cost of $376,860, higher than the Kentucky average of $219,615.
The average cost of rent is $737/mo in Boonesboro, primarily driven by the current value of real estate in the Boonesboro area. In Boonesboro, 26.27% of households rent, and 52.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boonesboro is $9,712 per month. Households that rent pay about 7.59% of their income on rent here. Boonesboro’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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