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These days, finding an affordable place to live in the Owensboro area can be challenging. Home prices in Owensboro are now at a median cost of $203,015, lower than the Kentucky average of $219,615.
The average cost of rent is $965/mo in Owensboro, primarily driven by the current value of real estate in the Owensboro area. In Owensboro, 36.04% of households rent, and 41.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Owensboro is $5,805 per month. Households that rent pay about 16.62% of their income on rent here. Owensboro’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rome, KY: equally priced homes
- Masonville, KY: higher priced homes
- Sorgho, KY: higher priced homes
- Patronville, IN: less expensive homes
- Moseleyville, KY: less expensive homes
- Dermont, KY: higher priced homes
- Philpot, KY: higher priced homes
- Rockport, IN: equally priced homes
- Maceo, KY: less expensive homes
- Panther, KY: less expensive homes
Cities with Similar Populations
- Iowa City, IA: higher priced homes
- Independence, MO: less expensive homes
- Irvine, CA: higher priced homes
- Houston, TX: higher priced homes
- Huntsville, AL: higher priced homes
- Hoover, AL: higher priced homes
- Irving, TX: higher priced homes
- Harlingen, TX: less expensive homes
- Hawthorne, CA: higher priced homes
- Hammond, IN: less expensive homes
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