The Most Affordable Neighborhoods in Booneville, KY by Home Value

These days, finding an affordable place to live in the Booneville area can be challenging. Home prices in Booneville are now at a median cost of $72,766, lower than the Kentucky average of $219,615.

The average cost of rent is $573/mo in Booneville, primarily driven by the current value of real estate in the Booneville area. In Booneville, 21.87% of households rent, and 75.09% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Booneville is $2,081 per month. Households that rent pay about 27.54% of their income on rent here. Booneville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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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