The Most Affordable Neighborhoods in Mount Olive, KY by Home Value

These days, finding an affordable place to live in the Mount Olive area can be challenging. Home prices in Mount Olive are now at a median cost of $72,316, lower than the Kentucky average of $219,615.

The average cost of rent is $495/mo in Mount Olive, primarily driven by the current value of real estate in the Mount Olive area. In Mount Olive, 7.19% of households rent, and 74.51% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Olive is $4,262 per month. Households that rent pay about 11.62% of their income on rent here. Mount Olive’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.

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