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Affordable
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These days, finding an affordable place to live in the Salmon area can be challenging. Home prices in Salmon are now at a median cost of $279,318, higher than the Kentucky average of $219,615.
The average cost of rent is $861/mo in Salmon, primarily driven by the current value of real estate in the Salmon area. In Salmon, 15.67% of households rent, and 39.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salmon is $5,835 per month. Households that rent pay about 14.76% of their income on rent here. Salmon’s most expensive areas are in the central 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
- Franklin, KY: less expensive homes
- Woodburn, KY: less expensive homes
- Hickory Flat, KY: less expensive homes
- Neosheo, KY: less expensive homes
- South Union, KY: equally priced homes
- Matlock, KY: less expensive homes
- Rich Pond, KY: less expensive homes
- Middleton, KY: less expensive homes
- Petros, KY: less expensive homes
- Mitchellville, TN: higher priced homes
Cities with Similar Populations
- Henrietta, PA: less expensive homes
- Houghton, IA: equally priced homes
- Hooper, MI: less expensive homes
- Holcomb, WA: equally priced homes
- Hissop, AL: less expensive homes
- Hinson Crossroads, NC: less expensive homes
- Hinsdale, MT: less expensive homes
- Hillsboro, NM: less expensive homes
- Hillcrest, MI: less expensive homes
- Hightown, MS: less expensive homes
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