The Most Affordable Neighborhoods in Newstead, KY by Home Value

These days, finding an affordable place to live in the Newstead area can be challenging. Home prices in Newstead are now at a median cost of $228,700, higher than the Kentucky average of $219,615.

The average cost of rent is $829/mo in Newstead, primarily driven by the current value of real estate in the Newstead area. In Newstead, 24.49% of households rent, and 44.23% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Newstead is $5,104 per month. Households that rent pay about 16.24% of their income on rent here. Newstead’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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