The Most Affordable Neighborhoods in Providence, KY by Home Value

These days, finding an affordable place to live in the Providence area can be challenging. Home prices in Providence are now at a median cost of $81,010, lower than the Kentucky average of $219,615.

The average cost of rent is $618/mo in Providence, primarily driven by the current value of real estate in the Providence area. In Providence, 35.43% of households rent, and 66.31% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Providence is $4,393 per month. Households that rent pay about 14.07% of their income on rent here. Providence’s most expensive areas are in the northeastern 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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