The Most Affordable Neighborhoods in Elkhorn City, KY by Home Value

 

Elkhorn City, KY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elkhorn City area can be challenging. Home prices in Elkhorn City are now at a median cost of $86,526, lower than the Kentucky average of $219,615.

The average cost of rent is $832/mo in Elkhorn City, primarily driven by the current value of real estate in the Elkhorn City area. In Elkhorn City, 22.20% of households rent, and 80.10% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Elkhorn City is $3,440 per month. Households that rent pay about 24.19% of their income on rent here. Elkhorn City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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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