The Most Affordable Neighborhoods in London, KY by Home Value

These days, finding an affordable place to live in the London area can be challenging. Home prices in London are now at a median cost of $164,550, lower than the Kentucky average of $219,615.

The average cost of rent is $855/mo in London, primarily driven by the current value of real estate in the London area. In London, 29.85% of households rent, and 50.62% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in London is $5,069 per month. Households that rent pay about 16.87% of their income on rent here. London’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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