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These days, finding an affordable place to live in the Wells area can be challenging. Home prices in Wells are now at a median cost of $124,368, lower than the Kentucky average of $219,615.
The average cost of rent is $715/mo in Wells, primarily driven by the current value of real estate in the Wells area. In Wells, 33.43% of households rent, and 56.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wells is $4,587 per month. Households that rent pay about 15.58% of their income on rent here. Wells’s most expensive areas are in the southern 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
- Central City, KY: higher priced homes
- Nelson, KY: less expensive homes
- South Carrollton, KY: higher priced homes
- Martwick, KY: less expensive homes
- Cleaton, KY: less expensive homes
- Rockport, KY: higher priced homes
- Moorman, KY: higher priced homes
- Gishton, KY: higher priced homes
- Hillside, KY: less expensive homes
- Powderly, KY: equally priced homes
Cities with Similar Populations
- South Olive, OH: higher priced homes
- Knox, ND: higher priced homes
- Koen, CO: higher priced homes
- Kyserike, NY: higher priced homes
- Labette, KS: higher priced homes
- Lambert Lake, ME: less expensive homes
- Landsaw, KY: less expensive homes
- Lane, ID: higher priced homes
- Lockhart, CA: higher priced homes
- Lodi, OK: less expensive homes
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