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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $279,643, higher than the Kentucky average of $219,615.
The average cost of rent is $1,135/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 23.91% of households rent, and 42.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $8,041 per month. Households that rent pay about 14.11% of their income on rent here. Wakefield’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
- Bloomfield, KY: less expensive homes
- Van Buren, KY: equally priced homes
- Taylorsville, KY: higher priced homes
- Fairfield, KY: equally priced homes
- Mount Eden, KY: less expensive homes
- Waterford, KY: higher priced homes
- Chaplin, KY: less expensive homes
- Highgrove, KY: equally priced homes
- Maud, KY: less expensive homes
- Woodlawn, KY: less expensive homes
Cities with Similar Populations
- Lytle Creek, CA: higher priced homes
- Knob Lick, KY: less expensive homes
- Lakewood, WI: less expensive homes
- Langdon Place, KY: higher priced homes
- Leakey, TX: less expensive homes
- Leonville, LA: less expensive homes
- Lester, WV: less expensive homes
- Akiachak, AK: less expensive homes
- Livingston, IL: less expensive homes
- Longport, NJ: higher priced homes
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