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These days, finding an affordable place to live in the Germantown area can be challenging. Home prices in Germantown are now at a median cost of $188,587, lower than the Kentucky average of $219,615.
The average cost of rent is $1,191/mo in Germantown, primarily driven by the current value of real estate in the Germantown area. In Germantown, 20.86% of households rent, and 42.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Germantown is $5,774 per month. Households that rent pay about 20.63% of their income on rent here. Germantown’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chatham, KY: less expensive homes
- Minerva, KY: less expensive homes
- Murphysville, KY: higher priced homes
- Brooksville, KY: less expensive homes
- Shannon, KY: higher priced homes
- Mount Olivet, KY: less expensive homes
- Moranburg, KY: equally priced homes
- Augusta, KY: less expensive homes
- Dover, KY: less expensive homes
- Claysville, KY: less expensive homes
Cities with Similar Populations
- Youngsport, TX: higher priced homes
- George, IA: less expensive homes
- Woodburn, KY: higher priced homes
- Blum, TX: equally priced homes
- Bird Island, MN: equally priced homes
- Beaver, OK: less expensive homes
- Beauty, KY: less expensive homes
- Bagdad, KY: higher priced homes
- Bellefonte, AR: higher priced homes
- Pickett, WI: higher priced homes
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