The Most Affordable Neighborhoods in Burning Springs, KY by Home Value

These days, finding an affordable place to live in the Burning Springs area can be challenging. Home prices in Burning Springs are now at a median cost of $99,659, lower than the Kentucky average of $219,615.

The average cost of rent is $776/mo in Burning Springs, primarily driven by the current value of real estate in the Burning Springs area. In Burning Springs, 23.31% of households rent, and 68.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Burning Springs is $3,775 per month. Households that rent pay about 20.57% of their income on rent here. Burning Springs’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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