Home Price Key
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These days, finding an affordable place to live in the Newfoundland area can be challenging. Home prices in Newfoundland are now at a median cost of $55,740, lower than the Kentucky average of $164,895.
The average cost of rent is $933/mo in Newfoundland, primarily driven by the current value of real estate in the Newfoundland area. While nearly 58.93% of residents own their homes outright in Newfoundland, 30.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Newfoundland is $5,162 per month. Households that rent pay about 18.07% of their income on rent here. Newfoundland's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Enon, KY: higher priced homes
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