Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Fayette County area can be challenging. Home prices in Fayette County are now at a median cost of $306,180, higher than the Kentucky average of $219,615.
The average cost of rent is $1,309/mo in Fayette County, primarily driven by the current value of real estate in the Fayette County area. In Fayette County, 46.23% of households rent, and 33.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayette County is $6,674 per month. Households that rent pay about 19.61% of their income on rent here. Fayette County’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Woodford County, KY: equally priced homes
- Clark County, KY: less expensive homes
- Anderson County, KY: less expensive homes
- Franklin County, KY: less expensive homes
- Montgomery County, KY: less expensive homes
- Bath County, KY: less expensive homes
- Spencer County, KY: equally priced homes
- Menifee County, KY: less expensive homes
- Rowan County, KY: less expensive homes
- Bullitt County, KY: less expensive homes
Counties with Similar Populations
- Osceola County, FL: higher priced homes
- Merced County, CA: higher priced homes
- Mercer County, NJ: higher priced homes
- New Hanover County, NC: higher priced homes
- New London County, CT: equally priced homes
- Norfolk City, VA: equally priced homes
- Northampton County, PA: equally priced homes
- Nueces County, TX: less expensive homes
- Orange County, NY: higher priced homes
- McLennan County, TX: less expensive homes
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