Rent vs Buy in Kentucky
Compare 2 cities across Kentucky. Find out whether renting or buying makes more financial sense in your area.
2cities analyzed
Avg Home:$286,738
Avg Rent:$1,481/mo
Avg Price/Rent:16.1
Kentucky Housing Market Summary
2
Cities Analyzed
0
Favor Buying
2
Favor Renting
0
Toss-Up
Across Kentucky's 2 analyzed cities, the majority (2 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Kentucky.
The average home price in Kentucky is $286,738, with average rents at $1,481/month. This gives an average price-to-rent ratio of 16.1.
All Kentucky Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Louisville | $253,803.8 | $1,349.99 | 15.7 | N/A | Rent |
| Lexington | $319,671.67 | $1,612.52 | 16.5 | N/A | Rent |
Compare Other States
Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
Open Full Calculator