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

These days, finding an affordable place to live in the Mount Olivet area can be challenging. Home prices in Mount Olivet are now at a median cost of $143,334, lower than the Kentucky average of $219,615.

The average cost of rent is $650/mo in Mount Olivet, primarily driven by the current value of real estate in the Mount Olivet area. In Mount Olivet, 19.29% of households rent, and 52.32% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Olivet is $4,238 per month. Households that rent pay about 15.34% of their income on rent here. Mount Olivet’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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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