The Most Affordable Neighborhoods in Magoffin County, KY by Home Value

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These days, finding an affordable place to live in the Magoffin County area can be challenging. Home prices in Magoffin County are now at a median cost of $86,322, lower than the Kentucky average of $164,895.

The average cost of rent is $612/mo in Magoffin County, primarily driven by the current value of real estate in the Magoffin County area. While nearly 72.34% of residents own their homes outright in Magoffin County, 24.94% rent.

Housing affordability isn’t just about home prices, though. The average household income in Magoffin County is $2,491 per month. Households that rent pay about 24.56% of their income on rent here. Magoffin County's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the county.

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