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Affordable
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These days, finding an affordable place to live in the Rella area can be challenging. Home prices in Rella are now at a median cost of $71,213, lower than the Kentucky average of $219,615.
The average cost of rent is $881/mo in Rella, primarily driven by the current value of real estate in the Rella area. In Rella, 28.73% of households rent, and 83.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rella is $4,129 per month. Households that rent pay about 21.35% of their income on rent here. Rella’s most expensive areas are in the southern 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.
Nearby Cities
- Arjay, KY: equally priced homes
- Cary, KY: equally priced homes
- Kettle Island, KY: higher priced homes
- Ivy Grove, KY: equally priced homes
- Callaway, KY: higher priced homes
- Mills, KY: less expensive homes
- Walker, KY: less expensive homes
- Pineville, KY: higher priced homes
- Calvin, KY: higher priced homes
- Fourmile, KY: higher priced homes
Cities with Similar Populations
- Ringold, OK: higher priced homes
- Quaker, KS: higher priced homes
- Rapson, MI: higher priced homes
- Red Cliff, CO: higher priced homes
- Redfield, NY: higher priced homes
- Regent, ND: higher priced homes
- Relampago, TX: equally priced homes
- Revere, MO: higher priced homes
- Reynoldsdale, PA: higher priced homes
- Reynoldsville, WV: higher priced homes
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