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These days, finding an affordable place to live in the Ghent area can be challenging. Home prices in Ghent are now at a median cost of $162,183, lower than the Kentucky average of $219,615.
The average cost of rent is $835/mo in Ghent, primarily driven by the current value of real estate in the Ghent area. In Ghent, 31.52% of households rent, and 57.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ghent is $5,400 per month. Households that rent pay about 15.47% of their income on rent here. Ghent’s most expensive areas are in the northeastern 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.
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