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These days, finding an affordable place to live in the Kentucky area can be challenging. Home prices in Kentucky are now at a median cost of $164,895, lower than the the United States average of $313,691.
The average cost of rent is $856/mo in Kentucky, primarily driven by the current value of real estate in the Kentucky area. While nearly 43.95% of residents own their homes outright in Kentucky, 30.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Kentucky is $5,151 per month. Households that rent pay about 16.61% of their income on rent here. Kentucky's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the state.
Nearby States
- Tennessee: higher priced homes
- Indiana: equally priced homes
- Ohio: higher priced homes
- West Virginia: less expensive homes
- Illinois: higher priced homes
- Alabama: higher priced homes
- Georgia: higher priced homes
- North Carolina: higher priced homes
- South Carolina: higher priced homes
- Virginia: higher priced homes
States with Similar Populations
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