Home to the world-famous Kentucky Derby, rolling bluegrass hills, bourbon trails and distillery tours, historic sites and the Red River Gorge, Kentucky offers a wealth of highlights for everyone who lives in the state. If Kentucky sounds right for you, you might also be curious about which cities fit your budget. For example, Kentucky Median Home Sales As of July it was $268,200.
If that price doesn’t fit your budget, don’t worry – we have a variety of options to help you find a house or apartment that fits your budget. Redfin has compiled a list of the 5 most affordable places to live in Kentucky. Their median home sales are lower than the state average. from hopkinsville arrive covingtonfind out which cities made the list.
#1: Owensboro
Median house price: $196,500
Average sales price per square foot: $146
Median household income: $47,411
Nearest major subway: Evansville, Indiana (40 miles)
Owensboro, KY Homes for Sale
Apartments for Rent in Owensboro, KY
With a median home sale price of $196,500, Owensboro ranks No. 1 on our list of affordable places to live in Kentucky. While you’re living in this city of 60,200 people, visit the Western Kentucky Botanical Garden and explore Bluegrass Music Hall of Fame and Museumand visit downtown Owensboro.
#2: Hopkinsville
Median house price: $230,000
Average sales price per square foot: $140
Median household income: $40,442 USD
Nearest major subway: Bowling Green (60 miles)
Hopkinsville, KY Homes for Sale
Apartments for Rent in Hopkinsville, KY
The second most livable city in Kentucky is Hopkinsville. Hopkinsville is about 60 miles from the nearest major metro, Bowling Green, and is home to about 31,000 people. While living in Hopkinsville, you can stroll along one of the trails that are part of the Hopkinsville Greenway system, tour downtown, or explore the Jeffers Bend Environmental Center.
#3: Florence
Median house price: $235,875
Average sales price per square foot: $187
Average rent for a one-bedroom apartment: $923
Median household income: $67,352
Nearest major subway: Cincinnati (10 miles)
Florence, KY Homes for Sale
Apartments for Rent in Florence, KY
The next city on our list is Florence, located in northern Kentucky. With approximately 32,900 residents, Florence is a good choice if you want to live near Cincinnati, as it is only about 10 miles northeast of Cincinnati. There is so much to explore in Florence such as South Fork Park, Turfway Park Racing & Gaming and all the local restaurants. The city is located close to the Cincinnati/Northern Kentucky International Airport, making it an ideal choice if you travel frequently.
#4: Covington
Median house price: $239,500
Average sales price per square foot: $189
Median household income: $47,917
Nearest major metro: Cincinnati, Ohio (2 miles)
Covington, KY Homes for Sale
Covington, KY Apartments for Rent
The fourth is Covington, currently home to approximately 40,400 residents. The median home sale price is $239,500, about $30,000 less than the Kentucky median home sale price. If you move here, explore Devou Park, which offers scenic overlooks, trails, and Bellinger-Crawford Museumvisit local shops and restaurants in downtown Covington and enjoy views of the Ohio River.
#5: Louisville
Median house price: $261,000
Average sales price per square foot: $160
Average rent for a one-bedroom apartment: $1,109
Louisville, KY Homes for Sale
Apartments for Rent in Louisville, KY
Louisville is only slightly more expensive than Covington and is the last city on our list. With approximately 622,900 residents, Louisville has many amazing attractions to explore. For example, you can visit one of the museums e.g. Louisville Baseball Museum and Factorythis kentucky science centerthis Old Forester Distilling Company,as well as Conrad-Caldwell House Museum. You can also stroll along the Louisville Riverwalk, explore the picturesque Jefferson Memorial Forest, or catch a show at the Louisville Palace Theater.
method: According to the U.S. Census, all cities must have more than 30,000 residents and a median home sales price lower than the average median home sales price in Kentucky. Median home sales and median sales price per square foot Red Fin Information Center Average rent data for the period July 2024 rental network July 2023. U.S. Census Bureau.
