The Most Affordable Neighborhoods in Flat Rock, KY by Home Value

 

Flat Rock, KY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Flat Rock area can be challenging. Home prices in Flat Rock are now at a median cost of $117,200, lower than the Kentucky average of $219,615.

The average cost of rent is $733/mo in Flat Rock, primarily driven by the current value of real estate in the Flat Rock area. In Flat Rock, 10.43% of households rent, and 47.82% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Flat Rock is $6,725 per month. Households that rent pay about 10.90% of their income on rent here. Flat Rock’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern 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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