Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Phelps area can be challenging. Home prices in Phelps are now at a median cost of $85,126, lower than the Kentucky average of $164,895.
The average cost of rent is $488/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. While nearly 61.90% of residents own their homes outright in Phelps, 6.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $2,713 per month. Households that rent pay about 17.99% of their income on rent here. Phelps's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Majestic, KY: less expensive homes
- Stopover, KY: less expensive homes
- Ransom, KY: less expensive homes
- Freeburn, KY: less expensive homes
- Edgarton, WV: equally priced homes
- Pinsonfork, KY: less expensive homes
- Dunlap, KY: less expensive homes
- Steele, KY: less expensive homes
- Kelsa, VA: less expensive homes
- Mc Andrews, KY: less expensive homes
Cities with Similar Populations
- Townsend, FL: higher priced homes
- Glasford, IL: higher priced homes
- Glen Lyon, PA: less expensive homes
- Glen, MS: higher priced homes
- Glendale, OR: higher priced homes
- Hartley, TX: higher priced homes
- Leland, IL: higher priced homes
- Lenhartsville, PA: higher priced homes
- Maple Plain, MN: higher priced homes
- Stewart, NV: higher priced homes
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