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These days, finding an affordable place to live in the Hutchison area can be challenging. Home prices in Hutchison are now at a median cost of $326,900, higher than the Kentucky average of $219,615.
The average cost of rent is $963/mo in Hutchison, primarily driven by the current value of real estate in the Hutchison area. In Hutchison, 18.99% of households rent, and 50.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hutchison is $6,323 per month. Households that rent pay about 15.23% of their income on rent here. Hutchison’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
- Paris, KY: less expensive homes
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- Jacksonville, KY: equally priced homes
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- Kiserton, KY: equally priced homes
- Newtown, KY: higher priced homes
- North Middletown, KY: less expensive homes
- Bon Haven, KY: equally priced homes
- Leesburg, KY: equally priced homes
Cities with Similar Populations
- Maynard, AR: less expensive homes
- Salisbury, CT: higher priced homes
- Randolph Center, VT: equally priced homes
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- Nutter Fort, WV: less expensive homes
- North Troy, VT: less expensive homes
- Niederwald, TX: equally priced homes
- New Lexington, AL: less expensive homes
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