Survey Finds Kentucky below Nationwide Average in affordability.
I was reading an article today about home affordability around the country where they looked at the price of 4 bedroom, 2 bath homes.
The survey was conducted by Coldwell Banker Real Estate and the results were interesting. California was the most expensive, but that shouldn't suprise anyone. Upstate New York was the most affordable; that was not what I expected. The average listing price of a home in Louisville was about $197,600, as indicated by the survey, which ranked the market as the 14th most affordable among 27 Kentucky markets sureyed.
The survey was conducted by Coldwell Banker Real Estate and the results were interesting. California was the most expensive, but that shouldn't suprise anyone. Upstate New York was the most affordable; that was not what I expected. The average listing price of a home in Louisville was about $197,600, as indicated by the survey, which ranked the market as the 14th most affordable among 27 Kentucky markets sureyed.
The most affordable market in Kentucky was Somerset ($151,000), and then Franklin ($151,600) and Radcliff ($154,300).
The least affrodable or most expensive was La Grange, with an average listing price of $269,400 out of the 27 markets surveyed. That was followed by Versailles ($256,200), Elizabethtown ($237,376) and Lexington ($231,000).
The surveyed showed the U.S. average listing was about $293,000 for a similar home.
