Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shannon area can be challenging. Home prices in Shannon are now at a median cost of $164,770, lower than the Kentucky average of $164,895.
The average cost of rent is $599/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. While nearly 36.76% of residents own their homes outright in Shannon, 15.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $5,927 per month. Households that rent pay about 10.10% of their income on rent here. Shannon's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Mays Lick, KY: higher priced homes
- Murphysville, KY: higher priced homes
- Washington, KY: higher priced homes
- Mount Olivet, KY: less expensive homes
- Germantown, KY: equally priced homes
- Claysville, KY: less expensive homes
- Piqua, KY: less expensive homes
- Ewing, KY: less expensive homes
- Helena, KY: higher priced homes
- Sardis, KY: less expensive homes
Cities with Similar Populations
- Truhart, VA: higher priced homes
- Clothier, WV: less expensive homes
- Coalmont, CO: higher priced homes
- Coble, TN: equally priced homes
- Cochesett, MA: higher priced homes
- Coldwater, TN: higher priced homes
- Collyer, KS: less expensive homes
- Columbus, AR: less expensive homes
- Conde, SD: less expensive homes
- Costilla, NM: higher priced homes
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