Expensive
Affordable
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These days, finding an affordable place to live in the Reed area can be challenging. Home prices in Reed are now at a median cost of $145,699, lower than the Kentucky average of $219,615.
The average cost of rent is $1,114/mo in Reed, primarily driven by the current value of real estate in the Reed area. In Reed, 19.18% of households rent, and 24.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Reed is $6,291 per month. Households that rent pay about 17.70% of their income on rent here. Reed’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bluff City, KY: equally priced homes
- Spottsville, KY: higher priced homes
- Newman, KY: higher priced homes
- Yankeetown, IN: higher priced homes
- Hebbardsville, KY: higher priced homes
- Red Bush, IN: higher priced homes
- Newburgh, IN: higher priced homes
- Graham Hill, KY: higher priced homes
- Hatfield, IN: higher priced homes
- Niagara, KY: higher priced homes
Cities with Similar Populations
- Keene, ND: higher priced homes
- Lockwood, CA: higher priced homes
- Lambsburg, VA: equally priced homes
- Lambert, AR: higher priced homes
- Lakeside, MA: higher priced homes
- Kibbie, MI: higher priced homes
- Kensett, IA: equally priced homes
- Kennard, IN: equally priced homes
- Kendrick, ID: higher priced homes
- Safe, MO: higher priced homes
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