The Most Affordable Neighborhoods in Parkers Lake, KY by Home Value

These days, finding an affordable place to live in the Parkers Lake area can be challenging. Home prices in Parkers Lake are now at a median cost of $72,218, lower than the Kentucky average of $219,615.

The average cost of rent is $584/mo in Parkers Lake, primarily driven by the current value of real estate in the Parkers Lake area. In Parkers Lake, 13.27% of households rent, and 73.25% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Parkers Lake is $3,034 per month. Households that rent pay about 19.24% of their income on rent here. Parkers Lake’s most expensive areas are in the eastern 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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