With the world-famous Kentucky Derby, rolling bluegrass hills, bourbon trails and distillery excursions, historic websites, and the Purple 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 price range. 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 price range – we’ve acquired choices that can assist you discover a residence or residence that does. Redfin has collected a listing of the 5 of probably the most reasonably priced locations to stay in Kentucky. And so they all have a median residence sale value underneath 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 earnings: $47,411 Nearest main metro: Evansville, IN (40 miles)Owensboro, KY houses 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 stay in Kentucky. When dwelling on this metropolis of 60,200 individuals, you’ll be able to 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 earnings: $47,917 Nearest main metro: Cincinnati, OH (2 miles)Covington, KY houses for saleCovington, KY residences for hire
Second is Covington the place about 40,400 residents at the moment stay. 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 retailers 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 earnings: $40,442 Nearest main metro: Bowling Inexperienced (60 miles)Hopkinsville, KY houses for saleHopkinsville, KY residences for hire
Kentucky’s third most reasonably priced metropolis to stay in is Hopkinsville. About 60 miles away from Bowling Inexperienced, the closest main metro, Hopkinsville is residence to roughly 31,000 individuals. Dwelling in Hopkinsville, you’ll be able to 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 houses for saleLouisville, KY residences for hire
Solely barely costlier than Covington is Louisville, the subsequent metropolis on our record. With roughly 622,900 residents in Louisville, there are many superior sights to discover within the metropolis. For instance, you’ll be able to try one of many museums just like the Louisville Slugger Museum & Manufacturing facility, 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: Standard 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 earnings: $67,352 Nearest main metro: Cincinnati (10 miles)Florence, KY houses for saleFlorence, KY residences for hire
The ultimate spot to make our record is Florence, positioned in northern Kentucky. House to about 32,900 residents, Florence is a good choice in the event you’re seeking to be close to Cincinnati, because it’s solely about 10 miles northeast. Florence has a lot to discover similar to South Fork Park, Turfway Park Racing & Gaming, and all of the native eating places. Town is near Cincinnati/Northern Kentucky Worldwide Airport, making it an important space in the event you journey incessantly.
Methodology: All cities will need to have over 30,000 residents per the US Census and have a median residence sale value underneath the typical median residence sale value in Kentucky. Median residence sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental information from Lease.com April 2025. Inhabitants and median family earnings information sourced from the US Census Bureau.
