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

These days, finding an affordable place to live in the Olive Hill area can be challenging. Home prices in Olive Hill are now at a median cost of $118,683, lower than the Kentucky average of $219,615.

The average cost of rent is $610/mo in Olive Hill, primarily driven by the current value of real estate in the Olive Hill area. In Olive Hill, 13.71% of households rent, and 61.23% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Olive Hill is $4,689 per month. Households that rent pay about 13.00% of their income on rent here. Olive Hill’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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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