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These days, finding an affordable place to live in the Olmstead area can be challenging. Home prices in Olmstead are now at a median cost of $222,214, higher than the Kentucky average of $219,615.
The average cost of rent is $795/mo in Olmstead, primarily driven by the current value of real estate in the Olmstead area. In Olmstead, 23.00% of households rent, and 42.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olmstead is $4,642 per month. Households that rent pay about 17.12% of their income on rent here. Olmstead’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Old Volney, KY: equally priced homes
- Whippoorwill, KY: equally priced homes
- Dot, KY: less expensive homes
- Oakville, KY: higher priced homes
- Allensville, KY: equally priced homes
- Keysburg, KY: less expensive homes
- Danby, KY: less expensive homes
- Russellville, KY: less expensive homes
- Adairville, KY: less expensive homes
- Justice, KY: less expensive homes
Cities with Similar Populations
- Leslie, AR: less expensive homes
- Russell, MN: less expensive homes
- Ruma, IL: less expensive homes
- Rowena, MO: less expensive homes
- Rose Valley, WA: higher priced homes
- Rose Hill, MS: less expensive homes
- Roberts Corners, MI: less expensive homes
- Mantua Center, OH: higher priced homes
- Lewisburg, MS: higher priced homes
- Ruthville, ND: higher priced homes
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