The Most Affordable Neighborhoods in Chestnut Gap, KY by Home Value

These days, finding an affordable place to live in the Chestnut Gap area can be challenging. Home prices in Chestnut Gap are now at a median cost of $71,733, lower than the Kentucky average of $219,615.

The average cost of rent is $524/mo in Chestnut Gap, primarily driven by the current value of real estate in the Chestnut Gap area. In Chestnut Gap, 60.08% of households rent, and 60.93% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chestnut Gap is $1,352 per month. Households that rent pay about 38.74% of their income on rent here. Chestnut Gap’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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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