Home Price Key
Affordable
Average
Expensive
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 $49,904, lower than the Kentucky average of $164,895.
The average cost of rent is $336/mo in Chestnut Gap, primarily driven by the current value of real estate in the Chestnut Gap area. While nearly 64.84% of residents own their homes outright in Chestnut Gap, 63.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Chestnut Gap is $1,554 per month. Households that rent pay about 21.62% of their income on rent here. Chestnut Gap's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Booneville, KY: higher priced homes
- Scoville, KY: higher priced homes
- Pebworth, KY: higher priced homes
- Levi, KY: higher priced homes
- Cowcreek, KY: higher priced homes
- Endee, KY: equally priced homes
- Ricetown, KY: higher priced homes
- Idamay, KY: higher priced homes
- Lone, KY: higher priced homes
- Congleton, KY: higher priced homes
Cities with Similar Populations
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- Olney, MT: higher priced homes
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- Oklahoma, PA: higher priced homes
- Oak City, UT: higher priced homes
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