Affordable
Expensive
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These days, finding an affordable place to live in the Spencer County area can be challenging. Home prices in Spencer County are now at a median cost of $320,117, higher than the Kentucky average of $219,615.
The average cost of rent is $974/mo in Spencer County, primarily driven by the current value of real estate in the Spencer County area. In Spencer County, 12.06% of households rent, and 27.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spencer County is $8,735 per month. Households that rent pay about 11.16% of their income on rent here. Spencer County’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Bullitt County, KY: less expensive homes
- Anderson County, KY: less expensive homes
- Franklin County, KY: less expensive homes
- Woodford County, KY: equally priced homes
- Meade County, KY: less expensive homes
- Fayette County, KY: equally priced homes
- Clark County, KY: less expensive homes
- Perry County, IN: less expensive homes
- Montgomery County, KY: less expensive homes
- Bath County, KY: less expensive homes
Counties with Similar Populations
- Custer County, NE: less expensive homes
- Smith County, TN: less expensive homes
- Smith County, MS: less expensive homes
- Simpson County, MS: less expensive homes
- Simpson County, KY: less expensive homes
- De Soto Parish, LA: less expensive homes
- Dawson County, NE: less expensive homes
- Davison County, SD: less expensive homes
- Dallas County, MO: less expensive homes
- Dakota County, NE: less expensive homes
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