The Bluegrass State has quite a few listings to fit your budget.


Kentucky is often considered as one of the more affordable states to live in the U.S. But what if you wanted a deal while establishing your home in the Bluegrass State? Thankfully, Kentucky has got you covered. By looking through the following affordable places to buy a home in Kentucky, you can close on a viable home listing without having to pay a fortune.

Affordability is Decided by Overall Costs

Since a home’s price is just one of many financial factors that make up for the total cost of a home purchase, the following list takes additional aspects into account. These factors include but are not limited to: 

  • Listing Price. Pretty self explanatory, this refers to the listing price of a home. 
  • Insurance Costs. This includes the homeowners insurance pricing in the area.
  • Mortgage Rates. This refers to the average mortgage rates that homebuyers have to pay against a purchase.
  • Closing Price. This is the final home price that often differs from the listing price.

With that info out of the way, it’s time to take a look at the most pocket-friendly areas in Kentucky to buy your home. 

1. Princeton, Kentucky

Located in Caldwell County, Princeton has a recorded population of just over 6,000 people. With a peaceful community and various hangout spots of nature, it stands out as one of the most tranquil and affordable places to buy a home in Kentucky.

2. Central City, Kentucky

Also posting a population of nearly 6,000 people, Central City is known for its hearty restaurants and serene community. Despite its small population, it is also the largest city in Muhlenberg County.

3. Hebron, Kentucky

Located an hour and a half away from Louisville, Hebron, Kentucky provides a suburbian paradise to its residents. With a population of nearly 6,000 people, it is an ideal place to live if you want a home within a relaxing environment.

4. Flatwoods, Kentucky

As one of the most affordable places to buy a home in Kentucky, Flatwoods is located in Greenup County. It has a population of nearly 7,500 people, and currently stands as the largest city of its county.

5. Hillview, Kentucky

With a population of well over 8,000, Hillview is just 20 minutes away from Louisville. This picturesque city is located in Bullitt County, and has several recreational spots for its residents within its territory.

6. Elsmere, Kentucky

Located in Kenton County, Elsmere has a population of nearly 8,500 people as per the 2010 census. The place is known for its closely-knitted community and abundance of family activity spots.

7. Oakbrook, Kentucky

Oakbrook is located in Boone County and holds a population of over 9,000 people. It has several attractions for its residents, including multiple art galleries to satisfy the culture bug in you.

8. Alexandria, Kentucky

Located in Campbell Country, Alexandria holds a population of nearly 9,500 people. With wineries and parks to boot, it is a tranquil area to buy and build the home of your dreams. 

9. Burlington, Kentucky

As the county seat of Boone County, Burlington is one of most popular and affordable places to buy a home in Kentucky. With a population that crosses well over 15,000, the city has more than double the population of various other contenders on this list. 

10. Independence, Kentucky

Along with its symbolic name, Independence has plenty of natural and manmade hangout spots to offer to its residents. This city with a population of over 28,000 people is also close to the larger city of Covington.

While most of these places have a small population, they provide a calm and relaxing community to live in at immensely affordable prices. They are especially recommended if you want to get away from the hustle and bustle of crowded cities.

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