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Affordable
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These days, finding an affordable place to live in the Ermine area can be challenging. Home prices in Ermine are now at a median cost of $83,016, lower than the Kentucky average of $219,615.
The average cost of rent is $665/mo in Ermine, primarily driven by the current value of real estate in the Ermine area. In Ermine, 58.20% of households rent, and 89.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ermine is $2,520 per month. Households that rent pay about 26.37% of their income on rent here. Ermine’s most expensive areas are in the central 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.
Nearby Cities
- Thornton, KY: less expensive homes
- Whitesburg, KY: higher priced homes
- Millstone, KY: less expensive homes
- Mayking, KY: higher priced homes
- Seco, KY: less expensive homes
- Neon, KY: less expensive homes
- Isom, KY: equally priced homes
- Fleming-Neon, KY: less expensive homes
- Jeremiah, KY: equally priced homes
- Deane, KY: less expensive homes
Cities with Similar Populations
- Shelbyville, MO: higher priced homes
- Hertel, WI: higher priced homes
- Hickory Rock, NC: higher priced homes
- Hickory Valley, TN: higher priced homes
- Sagamore, MA: higher priced homes
- San Luis, CO: higher priced homes
- Savannah, OH: higher priced homes
- Savoonga, AK: higher priced homes
- Saybrook, OH: higher priced homes
- Schram City, IL: higher priced homes
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