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These days, finding an affordable place to live in the Ravenna area can be challenging. Home prices in Ravenna are now at a median cost of $101,451, lower than the Kentucky average of $219,615.
The average cost of rent is $845/mo in Ravenna, primarily driven by the current value of real estate in the Ravenna area. In Ravenna, 27.95% of households rent, and 67.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ravenna is $3,401 per month. Households that rent pay about 24.83% of their income on rent here. Ravenna’s most expensive areas are in the eastern 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
- Pitts, KY: equally priced homes
- Crystal, KY: equally priced homes
- Millers Creek, KY: less expensive homes
- Irvine, KY: higher priced homes
- Wagersville, KY: less expensive homes
- Vaughns Mill, KY: higher priced homes
- Witt Springs, KY: higher priced homes
- Wisemantown, KY: higher priced homes
- Standing Rock, KY: higher priced homes
- Hargett, KY: less expensive homes
Cities with Similar Populations
- Ashby, MN: higher priced homes
- Ashland, ME: higher priced homes
- Buffalo, IA: higher priced homes
- Virginia City, NV: higher priced homes
- Pheba, MS: higher priced homes
- Olivehill, TN: higher priced homes
- Otis, NM: higher priced homes
- Palestine, AR: equally priced homes
- Panama, OK: higher priced homes
- Park Hall, MD: higher priced homes
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