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Affordable
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These days, finding an affordable place to live in the Gimlet area can be challenging. Home prices in Gimlet are now at a median cost of $104,019, lower than the Kentucky average of $219,615.
The average cost of rent is $485/mo in Gimlet, primarily driven by the current value of real estate in the Gimlet area. In Gimlet, 3.38% of households rent, and 65.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gimlet is $4,814 per month. Households that rent pay about 10.08% of their income on rent here. Gimlet’s most expensive areas are in the northern 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
- Stark, KY: equally priced homes
- Ibex, KY: higher priced homes
- Grahn, KY: higher priced homes
- Olive Hill, KY: higher priced homes
- Bruin, KY: higher priced homes
- Newfoundland, KY: equally priced homes
- Green, KY: higher priced homes
- Fultz, KY: higher priced homes
- Counts Crossroads, KY: higher priced homes
- Prater, KY: higher priced homes
Cities with Similar Populations
- Chenoa, KY: less expensive homes
- Wheelock, VT: higher priced homes
- Wheeler, OR: higher priced homes
- Wharton, WV: less expensive homes
- West Mills, ME: higher priced homes
- Clawson, UT: higher priced homes
- Clark, WY: higher priced homes
- Clallam Bay, WA: higher priced homes
- Christine, TX: higher priced homes
- Chipps, IL: higher priced homes
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