The Most Affordable Neighborhoods in Drakesboro, KY by Home Value

These days, finding an affordable place to live in the Drakesboro area can be challenging. Home prices in Drakesboro are now at a median cost of $89,972, lower than the Kentucky average of $219,615.

The average cost of rent is $698/mo in Drakesboro, primarily driven by the current value of real estate in the Drakesboro area. In Drakesboro, 14.82% of households rent, and 53.76% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Drakesboro is $3,727 per month. Households that rent pay about 18.72% of their income on rent here. Drakesboro’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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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