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Affordable
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These days, finding an affordable place to live in the Spa area can be challenging. Home prices in Spa are now at a median cost of $186,539, lower than the Kentucky average of $219,615.
The average cost of rent is $1,061/mo in Spa, primarily driven by the current value of real estate in the Spa area. In Spa, 24.37% of households rent, and 51.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spa is $5,034 per month. Households that rent pay about 21.07% of their income on rent here. Spa’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lewisburg, KY: less expensive homes
- Epleys, KY: less expensive homes
- Edwards, KY: less expensive homes
- Wolf Lick, KY: less expensive homes
- Jerico, KY: higher priced homes
- Hollow Bill, KY: equally priced homes
- Sharon Grove, KY: less expensive homes
- Cooperstown, KY: less expensive homes
- Justice, KY: equally priced homes
- Danby, KY: equally priced homes
Cities with Similar Populations
- Norris, OK: less expensive homes
- Randall, KS: less expensive homes
- Oatman, AZ: less expensive homes
- North Rome, PA: equally priced homes
- North River, NY: higher priced homes
- North Prairie, TX: higher priced homes
- North Blendon, MI: higher priced homes
- North Bingen, AR: less expensive homes
- Norristown, GA: less expensive homes
- Randall, NY: equally priced homes
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