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

 

Burning Springs, KY Map of Most Affordable Neighborhoods
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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 $59,576, lower than the Kentucky average of $164,895.

The average cost of rent is $651/mo in Burning Springs, primarily driven by the current value of real estate in the Burning Springs area. While nearly 68.91% of residents own their homes outright in Burning Springs, 29.19% rent.

Housing affordability isn’t just about home prices, though. The average household income in Burning Springs is $3,164 per month. Households that rent pay about 20.59% 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.


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