Kentucky's Housing Market

The median sale price of homes in Kentucky ranks among the lowest in the U.S. Just as the state offers a diverse combination of rural and metropolitan life, the availability of housing ranges from starter homes to executive homes. The lower than national average cost of living makes owning a home more affordable in Kentucky.

In addition, Kentucky offers all the amenities a homeowner hopes to find. Economical utility rates, low property taxes, and quality schools are enjoyed by homeowners across the Commonwealth.


Housing Facts

• Kentucky's residential average per kilowatthour, 2006 was the fourth lowest in the nation at 7.02 cents per KwH. The national average was 10.4 cents per KwH. (Energy Information Administration. www.eia.doe.gov)
• Kentucky's per capital state and local property taxes are the 6th lowest in the nation. (Morgan Quitno State Rankings, 2007)
• Median value of owner-occupied housing in 2005 ranked 9th lowest nationally: $103,900. The national median in 2005 was $151,366. (Morgan Quitno State Rankings, 2007)
• Kentucky ranked 23rd in home ownership rate for 2005: 71.6%. The national average was 68.9%. (Morgan Quitno State Rankings 2007)
• Kentucky ranked 32nd nationally in 2005 for new housing units authorized with 15,273. (Morgan Quitno State Rankings 2007)
• Residents of Kentucky's major metropolitan areas of Louisville, Lexington, and Cincinnati/Northern Kentucky benefit from housing costs significantly below the national average. (National Assn. of Realtors)