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These days, finding an affordable place to live in the Prater area can be challenging. Home prices in Prater are now at a median cost of $127,449, lower than the Kentucky average of $219,615.
The average cost of rent is $981/mo in Prater, primarily driven by the current value of real estate in the Prater area. In Prater, 12.41% of households rent, and 64.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prater is $5,630 per month. Households that rent pay about 17.42% of their income on rent here. Prater’s most expensive areas are in the northeastern 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.
Nearby Cities
- Counts Crossroads, KY: higher priced homes
- Olive Hill, KY: equally priced homes
- Smoky Valley, KY: higher priced homes
- Wolf, KY: higher priced homes
- Wesleyville, KY: higher priced homes
- Gimlet, KY: less expensive homes
- Emerson, KY: less expensive homes
- Grahn, KY: higher priced homes
- Fultz, KY: higher priced homes
- Iron Hill, KY: higher priced homes
Cities with Similar Populations
- Carlisle-Rockledge, AL: higher priced homes
- Cambridge, KS: less expensive homes
- Campaign, TN: higher priced homes
- Canalou, MO: less expensive homes
- Cannonville, UT: higher priced homes
- Cantwell, AK: higher priced homes
- Caradan, TX: higher priced homes
- Cardale, PA: less expensive homes
- Cardiff, AL: higher priced homes
- Calumet, PA: higher priced homes
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