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With the world-famous Kentucky Derby, rolling bluegrass hills, bourbon trails and distillery tours, historical sites, and the Red River Gorge, Kentucky offers a wealthiness of highlights for anyone surviving successful the state. If Kentucky sounds similar the authorities for you, past you whitethorn besides beryllium funny astir what cities acceptable into your budget. For example, the median location merchantability terms successful Kentucky is $268,200 arsenic of July.
Don’t interest if that terms doesn’t acceptable successful your fund – we’ve got options to assistance you find a location oregon flat that does. Redfin has collected a database of the 5 of the astir affordable places to unrecorded successful Kentucky. And they each person a median location merchantability terms nether the state’s average. From Hopkinsville to Covington, find retired which cities made the list.
#1: Owensboro
Median location price: $196,500
Average merchantability terms per quadrate foot: $146
Median household income: $47,411
Nearest large metro: Evansville, IN (40 miles)
Owensboro, KY homes for sale
Owensboro, KY apartments for rent
With a median location merchantability terms of $196,500, Owensboro claims the archetypal spot connected our database of affordable places to unrecorded successful Kentucky. When surviving successful this metropolis of 60,200 people, you tin sojourn the Western Kentucky Botanical Garden, research the Bluegrass Music Hall of Fame & Museum, and cheque retired downtown Owensboro.
#2: Hopkinsville
Median location price: $230,000
Average merchantability terms per quadrate foot: $140
Median household income: $40,442
Nearest large metro: Bowling Green (60 miles)
Hopkinsville, KY homes for sale
Hopkinsville, KY apartments for rent
Kentucky’s 2nd astir affordable metropolis to unrecorded successful is Hopkinsville. About 60 miles distant from Bowling Green, the nearest large metro, Hopkinsville is location to astir 31,000 people. Living successful Hopkinsville, you tin locomotion on 1 of the trails that are portion of the Hopkinsville Greenway System, cheque retired the downtown area, oregon research Jeffers Bend Environmental Center.
#3: Florence
Median location price: $235,875
Average merchantability terms per quadrate foot: $187
Average rent for a 1-bedroom apartment: $923
Median household income: $67,352
Nearest large metro: Cincinnati (10 miles)
Florence, KY homes for sale
Florence, KY apartments for rent
The adjacent metropolis to marque our database is Florence, located successful bluish Kentucky. Home to astir 32,900 residents, Florence is simply a large enactment if you’re looking to beryllium adjacent Cincinnati, arsenic it’s lone astir 10 miles northeast. Florence has plentifulness to research specified arsenic South Fork Park, Turfway Park Racing & Gaming, and each the section restaurants. The metropolis is adjacent to Cincinnati/Northern Kentucky International Airport, making it a large country if you question frequently.
#4: Covington
Median location price: $239,500
Average merchantability terms per quadrate foot: $189
Median household income: $47,917
Nearest large metro: Cincinnati, OH (2 miles)
Covington, KY homes for sale
Covington, KY apartments for rent
Fourth is Covington wherever astir 40,400 residents presently live. The median location merchantability terms is $239,500 which is astir $30K little than the median location merchantability terms successful Kentucky. If you find yourself moving here, research Devou Park wherever you’ll find a scenic overlook, trails, and the Behringer-Crawford Museum, cheque retired the section shops and restaurants successful downtown Covington, and instrumentality successful the views of the Ohio River.
#5: Louisville
Median location price: $261,000
Average merchantability terms per quadrate foot: $160
Average rent for a 1-bedroom apartment: $1,109
Louisville, KY homes for sale
Louisville, KY apartments for rent
Only somewhat much costly than Covington is Louisville, the last metropolis connected our list. With astir 622,900 residents successful Louisville, determination are plentifulness of awesome attractions to research successful the city. For example, you tin cheque retired 1 of the museums similar the Louisville Slugger Museum & Factory, the Kentucky Science Center, the Old Forester Distilling Co., and the Conrad-Caldwell House Museum. You tin besides stroll on the Louisville Riverwalk, research the picturesque Jefferson Memorial Forest, oregon spot a amusement astatine Louisville Palace Theatre.
Methodology: All cities indispensable person implicit 30,000 residents per the US Census and person a median location merchantability terms nether the mean median location merchantability terms successful Kentucky. Median location merchantability terms and median merchantability terms per quadrate ft from the Redfin Data Center during July 2024. Average rental information from Rent.com July 2023. Population and median household income information sourced from the United States Census Bureau.
The station 5 Most Affordable Places to Live successful Kentucky successful 2024 appeared archetypal connected Redfin | Real Estate Tips for Home Buying, Selling & More.
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