With the world-famous Kentucky Derby, rolling bluegrass hills, bourbon trails and distillery excursions, historic websites, and the Pink River Gorge, Kentucky gives a wealth of highlights for anybody dwelling within the state. If Kentucky sounds just like the state for you, then you may additionally be interested by what cities match into your funds. For instance, the median residence sale value in Kentucky is $263,400 as of April.
Don’t fear if that value doesn’t slot in your funds – we’ve bought choices that can assist you discover a residence or residence that does. Redfin has collected an inventory of the 5 of essentially the most reasonably priced locations to reside in Kentucky. And so they all have a median residence sale value beneath the state’s common. From Hopkinsville to Covington, discover out which cities made the record.
#1: Owensboro
Median residence value: $192,250Average sale value per sq. foot: $148 Common hire for a 1-bedroom residence: $894Median family revenue: $47,411 Nearest main metro: Evansville, IN (40 miles)Owensboro, KY properties for saleOwensboro, KY residences for hire
With a median residence sale value of $192,250, Owensboro claims the primary spot on our record of reasonably priced locations to reside in Kentucky. When dwelling on this metropolis of 60,200 individuals, you may go to the Western Kentucky Botanical Backyard, discover the Bluegrass Music Corridor of Fame & Museum, and take a look at downtown Owensboro.
#2: Covington
Median residence value: $216,000Average sale value per sq. foot: $167Average hire for a 1-bedroom residence: $1,584Median family revenue: $47,917 Nearest main metro: Cincinnati, OH (2 miles)Covington, KY properties for saleCovington, KY residences for hire
Second is Covington the place about 40,400 residents at the moment reside. The median residence sale value is $216,000 which is about $45K lower than the median residence sale value in Kentucky. If you end up transferring right here, discover Devou Park the place you’ll discover a scenic overlook, trails, and the Behringer-Crawford Museum, try the native outlets and eating places in downtown Covington, and take within the views of the Ohio River.
#3: Hopkinsville
Median residence value: $235,000Average sale value per sq. foot: $134Median family revenue: $40,442 Nearest main metro: Bowling Inexperienced (60 miles)Hopkinsville, KY properties for saleHopkinsville, KY residences for hire
Kentucky’s third most reasonably priced metropolis to reside in is Hopkinsville. About 60 miles away from Bowling Inexperienced, the closest main metro, Hopkinsville is residence to roughly 31,000 individuals. Residing in Hopkinsville, you may stroll alongside one of many trails which can be a part of the Hopkinsville Greenway System, try the downtown space, or discover Jeffers Bend Environmental Heart.
#4: Louisville
Median residence value: $248,500 Common sale value per sq. foot: $161 Common hire for a 1-bedroom residence: $1,252Louisville, KY properties for saleLouisville, KY residences for hire
Solely barely dearer than Covington is Louisville, the following metropolis on our record. With roughly 622,900 residents in Louisville, there are many superior sights to discover within the metropolis. For instance, you may try one of many museums just like the Louisville Slugger Museum & Manufacturing unit, the Kentucky Science Heart, the Outdated Forester Distilling Co., and the Conrad-Caldwell Home Museum. It’s also possible to stroll alongside the Louisville Riverwalk, discover the picturesque Jefferson Memorial Forest, or see a present at Louisville Palace Theatre.
> Learn: Common Louisville, KY, Neighborhoods to Dwell in
#5: Florence
Median residence value: $250,500Average sale value per sq. foot: $158Average hire for a 1-bedroom residence: $1,210Median family revenue: $67,352 Nearest main metro: Cincinnati (10 miles)Florence, KY properties for saleFlorence, KY residences for hire
The ultimate spot to make our record is Florence, positioned in northern Kentucky. Residence to about 32,900 residents, Florence is a good possibility should you’re trying to be close to Cincinnati, because it’s solely about 10 miles northeast. Florence has a lot to discover equivalent to South Fork Park, Turfway Park Racing & Gaming, and all of the native eating places. The town is near Cincinnati/Northern Kentucky Worldwide Airport, making it an incredible space should you journey steadily.
Methodology: All cities will need to have over 30,000 residents per the US Census and have a median residence sale value beneath the typical median residence sale value in Kentucky. Median residence sale value and median sale value per sq. foot from the Redfin Knowledge Heart throughout April 2025. Common rental information from Lease.com April 2025. Inhabitants and median family revenue information sourced from america Census Bureau.
