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Affordable
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These days, finding an affordable place to live in the Holmes Mill area can be challenging. Home prices in Holmes Mill are now at a median cost of $46,800, lower than the Kentucky average of $219,615.
The average cost of rent is $653/mo in Holmes Mill, primarily driven by the current value of real estate in the Holmes Mill area. In Holmes Mill, 29.84% of households rent, and 71.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Holmes Mill is $4,130 per month. Households that rent pay about 15.81% of their income on rent here. Holmes Mill’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
- Rutherford, KY: equally priced homes
- Shepherd Hill, VA: higher priced homes
- Calvin, VA: higher priced homes
- Keokee, VA: higher priced homes
- Closplint, KY: equally priced homes
- Maness, VA: equally priced homes
- Black Bottom, KY: equally priced homes
- Hiram, KY: higher priced homes
- Rawhide, VA: higher priced homes
- St. Charles, VA: higher priced homes
Cities with Similar Populations
- Luther, MT: higher priced homes
- West Union, IN: higher priced homes
- West Stonington, ME: higher priced homes
- West Shiloh, TN: higher priced homes
- Lostwood, ND: higher priced homes
- Lower Elk Creek, VA: higher priced homes
- West Martinsburg, NY: higher priced homes
- West Lancaster, OH: higher priced homes
- Loyal Valley, TX: higher priced homes
- West Hartford, VT: higher priced homes
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