Best Cities for Homeownership in Kentucky- Full Ranking

Home Search, Mortgages
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.
4535376460_e338700dbb_z1

To download the data, click here.

Rank City Homeownership Rate Median Selected Monthly Homeowner Costs Median Monthly Household Income Homeowner Costs as % of Household Income Median Home Values 2012 Population 2010 Population 2010-2012 Population Growth
1 Hillview 77.0% $1,141 $4,295 26.6% $120,500 8,839 8,062 9.6%
2 Francisville 85.5% $1,919 $9,014 21.3% $259,800 8,742 7,737 13.0%
3 Hazard ** 58.4% $979 $3,729 26.3% $114,200 5,117 4,534 12.9%
4 Cold Spring 84.0% $1,246 $5,242 23.8% $168,800 5,864 5,495 6.7%
5 Union 89.9% $1,784 $8,422 21.2% $227,500 5,357 5,018 6.8%
6 Independence 80.2% $1,419 $5,517 25.7% $161,500 24,586 22,975 7.0%
7 Hebron 87.1% $1,285 $6,252 20.6% $148,200 5,896 5,812 1.4%
8 Buckner 91.7% $1,993 $9,469 21.0% $308,400 5,558 5,119 8.6%
9 Alexandria 86.8% $1,431 $6,189 23.1% $165,200 8,494 8,376 1.4%
10 Oakbrook 90.6% $1,367 $6,303 21.7% $176,500 8,812 8,838 (0.3%)
11 Burlington 75.5% $1,331 $5,744 23.2% $166,400 16,298 15,702 3.8%
12 Lawrenceburg 65.4% $1,062 $4,031 26.3% $120,300 10,711 10,207 4.9%
13 Mount Washington 83.7% $1,245 $4,535 27.5% $152,300 9,181 9,049 1.5%
14 Campbellsville ** 52.8% $757 $2,403 31.5% $87,300 10,138 9,376 8.1%
15 Edgewood 89.8% $1,531 $7,129 21.5% $199,400 8,651 8,698 (0.5%)
16 Georgetown ** 61.8% $1,202 $4,525 26.6% $149,400 29,016 27,268 6.4%
17 Erlanger 71.6% $1,257 $4,886 25.7% $126,300 18,084 17,797 1.6%
18 Bardstown 57.1% $912 $2,780 32.8% $97,400 12,291 11,552 6.4%
19 Bellevue ** 76.3% $1,080 $4,221 25.6% $113,700 5,959 6,006 (0.8%)
20 Villa Hills 89.1% $1,535 $7,279 21.1% $193,300 7,417 7,565 (2.0%)
21 Central City 68.2% $838 $3,157 26.5% $80,000 5,955 5,984 (0.5%)
22 Shepherdsville 63.3% $1,043 $3,687 28.3% $119,800 11,209 10,813 3.7%
23 Elsmere 74.6% $1,153 $3,614 31.9% $106,900 8,430 8,412 0.2%
24 Middletown 75.8% $1,414 $5,310 26.6% $196,200 7,164 6,953 3.0%
25 Flatwoods 66.8% $1,025 $3,393 30.2% $87,000 7,465 7,420 0.6%
26 Princeton 62.9% $820 $2,919 28.1% $67,100 6,331 6,331 0.0%
27 Taylor Mill 75.3% $1,392 $5,193 26.8% $161,000 6,647 6,662 (0.2%)
28 Madisonville 60.6% $952 $3,225 29.5% $94,000 19,745 19,558 1.0%
29 Owensboro 59.9% $971 $3,147 30.9% $99,900 57,361 56,541 1.5%
30 Paris 48.5% $1,021 $2,608 39.1% $114,300 9,298 8,611 8.0%
31 Fort Wright 74.4% $1,382 $5,503 25.1% $188,100 5,698 5,704 (0.1%)
32 La Grange 61.3% $1,341 $4,215 31.8% $157,100 8,067 7,761 3.9%
33 Berea 56.8% $1,022 $3,338 30.6% $127,100 13,651 13,255 3.0%
34 Maysville 62.9% $925 $2,946 31.4% $106,500 9,018 9,004 0.2%
35 Radcliff 48.7% $1,143 $3,759 30.4% $121,000 22,064 21,039 4.9%
36 Jeffersontown 65.4% $1,280 $4,791 26.7% $162,000 26,694 26,460 0.9%
37 Dayton 61.5% $967 $3,019 32.0% $89,600 5,364 5,390 (0.5%)
38 Ashland 60.6% $904 $2,754 32.8% $89,900 21,611 21,613 (0.0%)
39 Shelbyville 52.8% $1,221 $3,974 30.7% $150,100 14,081 13,403 5.1%
40 Highland Heights 61.5% $1,128 $3,490 32.3% $120,600 6,888 6,809 1.2%
41 Versailles 55.0% $1,074 $3,768 28.5% $136,700 8,678 8,438 2.8%
42 Nicholasville 57.9% $1,223 $3,598 34.0% $138,900 27,865 26,861 3.7%
43 Hopkinsville 53.3% $980 $2,889 33.9% $107,800 31,798 30,862 3.0%
44 Louisville-Jefferson County 61.9% $1,208 $3,676 32.9% $139,400 597,231 586,994 1.7%
45 Henderson 58.7% $1,016 $2,875 35.3% $95,400 28,728 28,464 0.9%
46 Franklin 58.0% $941 $2,740 34.3% $96,700 8,431 8,368 0.8%
47 Florence 52.8% $1,235 $4,134 29.9% $138,800 30,201 29,242 3.3%
48 Elizabethtown 52.7% $1,215 $3,563 34.1% $155,900 28,254 26,822 5.3%
49 Russellville 61.5% $942 $2,453 38.4% $79,200 6,979 7,015 (0.5%)
50 Frankfort 50.2% $1,136 $3,427 33.2% $132,600 26,745 25,682 4.1%
51 Shively 59.7% $1,081 $2,911 37.1% $108,400 15,282 15,142 0.9%
52 Fort Thomas 71.5% $1,596 $5,048 31.6% $193,300 16,207 16,182 0.2%
53 Lexington-Fayette  County 56.3% $1,298 $4,065 31.9% $163,000 296,766 288,045 3.0%
54 Danville 57.3% $1,070 $3,243 33.0% $131,900 16,212 16,054 1.0%
55 Douglass Hills 67.7% $1,448 $5,395 26.8% $223,200 5,512 5,463 0.9%
56 Lebanon 61.5% $865 $1,978 43.7% $99,200 5,571 5,546 0.5%
57 Harrodsburg 55.5% $943 $2,396 39.4% $91,000 8,323 8,320 0.0%
58 Oak Grove 43.2% $955 $2,859 33.4% $93,700 7,427 7,283 2.0%
59 Leitchfield 44.3% $934 $2,610 35.8% $84,500 6,721 6,640 1.2%
60 Winchester 49.9% $1,070 $2,926 36.6% $114,900 18,314 18,132 1.0%
61 Mayfield 51.9% $879 $1,958 44.9% $73,300 10,048 10,033 0.1%
62 Glasgow 49.9% $989 $2,356 42.0% $90,200 14,026 13,924 0.7%
63 Covington 50.4% $1,123 $3,140 35.8% $105,500 40,776 41,055 (0.7%)
64 Paducah 49.3% $1,058 $2,668 39.7% $96,000 25,081 25,114 (0.1%)
65 St. Matthews 53.0% $1,304 $4,018 32.5% $173,700 17,529 17,365 0.9%
66 Monticello 49.0% $770 $1,712 45.0% $74,800 6,197 6,176 0.3%
67 Mount Sterling 48.6% $1,103 $2,641 41.8% $125,600 6,915 6,759 2.3%
68 Lyndon 46.3% $1,238 $3,851 32.2% $159,800 10,992 10,786 1.9%
69 Murray 45.6% $1,063 $2,657 40.0% $119,100 17,706 17,366 2.0%
70 Williamsburg 46.5% $988 $2,335 42.3% $76,700 5,258 5,268 (0.2%)
71 Somerset 46.4% $894 $2,218 40.3% $104,700 11,254 11,172 0.7%
72 Newport 50.8% $1,170 $2,889 40.5% $114,000 15,398 15,404 (0.0%)
73 Middlesborough 54.1% $832 $1,840 45.2% $77,900 10,235 10,405 (1.6%)
74 Corbin 57.8% $994 $2,689 37.0% $93,400 7,010 7,342 (4.5%)
75 Bowling Green 41.0% $1,146 $2,776 41.3% $131,200 58,632 56,407 3.9%
76 Fort Mitchell 53.2% $1,491 $4,706 31.7% $191,100 8,198 8,177 0.3%
77 Cynthiana 44.1% $928 $2,298 40.4% $97,300 6,406 6,457 (0.8%)
78 Richmond 39.5% $1,125 $2,539 44.3% $138,700 31,508 30,983 1.7%
79 Morehead 46.1% $1,031 $2,273 45.4% $123,300 6,898 6,981 (1.2%)
80 Pikeville 43.8% $1,495 $2,281 65.6% $157,400 6,864 6,824 0.6%
81 London 49.4% $1,031 $2,556 40.3% $123,700 6,797 7,929 (14.3%)
82 Fort Knox 0.6% $1,356 $4,117 32.9% $135,600 10,919 11,933 (8.5%)

** Places were excluded from the top 20 list due to higher than average crime according to the FBI Uniform Crime Report: http://goo.gl/YrJT7a

mortgage-broker

GET EXPERT ANSWERS TO YOUR MORTGAGE QUESTIONS

Get personalized help from an unbiased mortgage broker. Understand your options and find the best rates.

iStock_000060467992_Small-11

COMPARE MORTGAGE RATES FOR FREE

See personalized mortgage rates in seconds using our comprehensive mortgage tool.


Methodology

The overall score for each city was derived from each of these measures:

1. Homeownership rate made up 33.3% of the total score. A higher rate earned a higher score. The rate comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

2. Selected monthly owner costs as a percentage of median household income made up 16.7% of the total score. A lower percentage earned a higher score. Monthly homeowner costs as a percentage of median household income made up one-half of the affordability score. Median household income comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 03. The figure for monthly homeowner costs comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

3. Median home value made up 16.7% of the total score. A lower value earned a higher score. Median home value made up one-half of the affordability score. Median home value comes from the U.S. Census American Community Survey 5-year Estimates for all places in the state, Table DP 04.

4. Population change from 2010 to 2012 made up 33.3% of the total score. A higher percent change earned a higher score. The 2010 population comes from the 2010 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. The 2012 population data comes from the 2012 American Community Survey 5-Year Estimates for all places in the state, Table DP 05. NerdWallet calculated the percent change.

Only places with 5,000 or more residents were included in the study. Places with higher than average crime were excluded from the top 20 list.

Image: iLoveMountains.org/Flickr: https://flic.kr/p/7ULZpS