The 14 most affordable cities in Kentucky to buy a house

Homeownership is fundamental to the American dream. It offers wealth, security, community, and countless other benefits. Yet for many Kentucky residents, the dream feels increasingly out of reach—even as incomes rise and mortgage rates fall. Near-record prices have made homes hard to come by and often even harder to afford, leaving buyers and sellers stuck and younger generations priced out.

But affordable pockets still exist. In cities across the state, residents can comfortably spend around 30% of their income or less on housing, which is widely considered the affordable threshold.

To find out where these cities are, Redfin Real Estate ranked the most affordable cities in Kentucky, based on their local payment to income ratios. All data is an average for the January-October 2025 period. To see the most affordable cities in the country, read this recent Redfin article.

#1. Francisville, Kentucky
- Payment to income ratio: 24.2%
- Median sale price: $461,509
- Median household income: $146,280
- Income needed to buy: $117,852
- Median monthly mortgage payment: $2,946
- See homes for sale in Francisville on Redfin.com

#2. Burlington, Kentucky
- Payment to income ratio: 24.6%
- Median sale price: $325,656
- Median household income: $101,550
- Income needed to buy: $83,160
- Median monthly mortgage payment: $2,079
- See homes for sale in Burlington on Redfin.com

#3. Erlanger, Kentucky
- Payment to income ratio: 24.7%
- Median sale price: $252,983
- Median household income: $78,420
- Income needed to buy: $64,602
- Median monthly mortgage payment: $1,615
- See homes for sale in Erlanger on Redfin.com

#4. Alexandria, Kentucky
- Payment to income ratio: 24.7%
- Median sale price: $335,011
- Median household income: $103,750
- Income needed to buy: $85,549
- Median monthly mortgage payment: $2,139
- See homes for sale in Alexandria on Redfin.com

#5. Independence, Kentucky
- Payment to income ratio: 25.6%
- Median sale price: $329,050
- Median household income: $98,653
- Income needed to buy: $84,027
- Median monthly mortgage payment: $2,101
- See homes for sale in Independence on Redfin.com

#6. Mount Washington, Kentucky
- Payment to income ratio: 27.1%
- Median sale price: $331,908
- Median household income: $93,852
- Income needed to buy: $84,757
- Median monthly mortgage payment: $2,119
- See homes for sale in Mount Washington on Redfin.com

#7. Jeffersontown, Kentucky
- Payment to income ratio: 29.7%
- Median sale price: $302,858
- Median household income: $78,185
- Income needed to buy: $77,339
- Median monthly mortgage payment: $1,933
- See homes for sale in Jeffersontown on Redfin.com

#8. Fort Thomas, Kentucky
- Payment to income ratio: 30.6%
- Median sale price: $402,855
- Median household income: $100,819
- Income needed to buy: $102,874
- Median monthly mortgage payment: $2,572
- See homes for sale in Fort Thomas on Redfin.com

#9. Florence, Kentucky
- Payment to income ratio: 31.3%
- Median sale price: $279,551
- Median household income: $68,508
- Income needed to buy: $71,387
- Median monthly mortgage payment: $1,785
- See homes for sale in Florence on Redfin.com

#10. Shelbyville, Kentucky
- Payment to income ratio: 32.6%
- Median sale price: $313,701
- Median household income: $73,733
- Income needed to buy: $80,107
- Median monthly mortgage payment: $2,003
- See homes for sale in Shelbyville on Redfin.com

#11. Georgetown, Kentucky
- Payment to income ratio: 33.9%
- Median sale price: $347,152
- Median household income: $78,373
- Income needed to buy: $88,650
- Median monthly mortgage payment: $2,216
- See homes for sale in Georgetown on Redfin.com

#12. St. Matthews, Kentucky
- Payment to income ratio: 37.0%
- Median sale price: $389,649
- Median household income: $80,716
- Income needed to buy: $99,502
- Median monthly mortgage payment: $2,488
- See homes for sale in St. Matthews on Redfin.com

#13. Lyndon, Kentucky
- Payment to income ratio: 37.1%
- Median sale price: $316,611
- Median household income: $65,392
- Income needed to buy: $80,851
- Median monthly mortgage payment: $2,021
- See homes for sale in Lyndon on Redfin.com

#14. Nicholasville, Kentucky
- Payment to income ratio: 37.6%
- Median sale price: $331,665
- Median household income: $67,514
- Income needed to buy: $84,695
- Median monthly mortgage payment: $2,117
- See homes for sale in Nicholasville on Redfin.com