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Affordable
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These days, finding an affordable place to live in the Faxon area can be challenging. Home prices in Faxon are now at a median cost of $127,387, lower than the Kentucky average of $219,615.
The average cost of rent is $725/mo in Faxon, primarily driven by the current value of real estate in the Faxon area. In Faxon, 27.24% of households rent, and 66.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Faxon is $4,104 per month. Households that rent pay about 17.68% of their income on rent here. Faxon’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hamlin, KY: higher priced homes
- Dexter, KY: equally priced homes
- Olive, KY: higher priced homes
- Almo, KY: higher priced homes
- New Concord, KY: higher priced homes
- Pleasant Hill, KY: equally priced homes
- Hardin, KY: higher priced homes
- Murray, KY: higher priced homes
- New Providence, KY: higher priced homes
- Canton, KY: higher priced homes
Cities with Similar Populations
- Reddick, IL: higher priced homes
- Lower Peach Tree, AL: less expensive homes
- Mac, KY: higher priced homes
- Manila, UT: higher priced homes
- Martelle, IA: higher priced homes
- Masonville, IA: higher priced homes
- Mauna Loa, HI: higher priced homes
- McCune, KS: higher priced homes
- Melbern, OH: higher priced homes
- Plattville, IL: higher priced homes
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