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These days, finding an affordable place to live in the Hector area can be challenging. Home prices in Hector are now at a median cost of $50,300, lower than the Kentucky average of $219,615.
The average cost of rent is $1,021/mo in Hector, primarily driven by the current value of real estate in the Hector area. In Hector, 26.63% of households rent, and 87.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hector is $3,319 per month. Households that rent pay about 30.76% of their income on rent here. Hector’s most expensive areas are in the central 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
- Spurlock, KY: higher priced homes
- Big Creek, KY: equally priced homes
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- Bluehole, KY: higher priced homes
- Bear Branch, KY: higher priced homes
- Manchester, KY: higher priced homes
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- Fall Rock, KY: higher priced homes
Cities with Similar Populations
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- Wetmore, KS: higher priced homes
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