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Counties with the lowest home prices in Kentucky

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Kentucky. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency’s House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in Kentucky has the lowest home prices.

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#30. Martin County

– Monthly mortgage payment in 2020: $329 (10.4% greater than 2019)
– Monthly mortgage payment in 2019: $298
– Median home value in 2020: $88,800
– Ranked #427 out of 3,120 counties nationwide

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#29. Elliott County

– Monthly mortgage payment in 2020: $322 (3.3% less than 2019)
– Monthly mortgage payment in 2019: $333
– Median home value in 2020: $87,100
– Ranked #386 out of 3,120 counties nationwide

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#28. Rockcastle County

– Monthly mortgage payment in 2020: $319 (10.4% less than 2019)
– Monthly mortgage payment in 2019: $356
– Median home value in 2020: $86,200
– Ranked #359 out of 3,120 counties nationwide

Brian Stansberry // Wikimedia Commons

#27. Hickman County

– Monthly mortgage payment in 2020: $314 (10.0% less than 2019)
– Monthly mortgage payment in 2019: $349
– Median home value in 2020: $84,900
– Ranked #316 out of 3,120 counties nationwide

Brian Stansberry // Wikimedia Commons

#26. Monroe County

– Monthly mortgage payment in 2020: $314 (4.6% less than 2019)
– Monthly mortgage payment in 2019: $329
– Median home value in 2020: $84,800
– Ranked #313 out of 3,120 counties nationwide

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#25. Green County

– Monthly mortgage payment in 2020: $310 (9.4% less than 2019)
– Monthly mortgage payment in 2019: $342
– Median home value in 2020: $83,700
– Ranked #293 out of 3,120 counties nationwide

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#24. Lawrence County

– Monthly mortgage payment in 2020: $310 (14.6% less than 2019)
– Monthly mortgage payment in 2019: $363
– Median home value in 2020: $83,600
– Ranked #291 out of 3,120 counties nationwide

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#23. Pike County

– Monthly mortgage payment in 2020: $306 (11.6% less than 2019)
– Monthly mortgage payment in 2019: $346
– Median home value in 2020: $82,800
– Ranked #278 out of 3,120 counties nationwide

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#22. Metcalfe County

– Monthly mortgage payment in 2020: $301 (12.8% less than 2019)
– Monthly mortgage payment in 2019: $345
– Median home value in 2020: $81,300
– Ranked #251 out of 3,120 counties nationwide

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#21. Estill County

– Monthly mortgage payment in 2020: $299 (9.9% less than 2019)
– Monthly mortgage payment in 2019: $332
– Median home value in 2020: $80,900
– Ranked #244 out of 3,120 counties nationwide

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#20. Menifee County

– Monthly mortgage payment in 2020: $299 (13.8% less than 2019)
– Monthly mortgage payment in 2019: $347
– Median home value in 2020: $80,900
– Ranked #245 out of 3,120 counties nationwide

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#19. Webster County

– Monthly mortgage payment in 2020: $297 (15.1% less than 2019)
– Monthly mortgage payment in 2019: $350
– Median home value in 2020: $80,200
– Ranked #231 out of 3,120 counties nationwide

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#18. Perry County

– Monthly mortgage payment in 2020: $294 (9.8% less than 2019)
– Monthly mortgage payment in 2019: $326
– Median home value in 2020: $79,400
– Ranked #213 out of 3,120 counties nationwide

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#17. Floyd County

– Monthly mortgage payment in 2020: $290 (9.7% less than 2019)
– Monthly mortgage payment in 2019: $321
– Median home value in 2020: $78,300
– Ranked #191 out of 3,120 counties nationwide

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#16. Morgan County

– Monthly mortgage payment in 2020: $285 (13.9% less than 2019)
– Monthly mortgage payment in 2019: $331
– Median home value in 2020: $77,000
– Ranked #175 out of 3,120 counties nationwide

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#15. Clinton County

– Monthly mortgage payment in 2020: $284 (1.7% less than 2019)
– Monthly mortgage payment in 2019: $289
– Median home value in 2020: $76,700
– Ranked #171 out of 3,120 counties nationwide

JERRYE & ROY KLOTZ MD // Wikimedia Commons

#14. Owsley County

– Monthly mortgage payment in 2020: $274 (13.6% less than 2019)
– Monthly mortgage payment in 2019: $317
– Median home value in 2020: $73,900
– Ranked #137 out of 3,120 counties nationwide

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#13. McCreary County

– Monthly mortgage payment in 2020: $272 (4.2% less than 2019)
– Monthly mortgage payment in 2019: $284
– Median home value in 2020: $73,400
– Ranked #130 out of 3,120 counties nationwide

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#12. Magoffin County

– Monthly mortgage payment in 2020: $260 (18.5% less than 2019)
– Monthly mortgage payment in 2019: $319
– Median home value in 2020: $70,300
– Ranked #99 out of 3,120 counties nationwide

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#11. Fulton County

– Monthly mortgage payment in 2020: $258 (7.2% less than 2019)
– Monthly mortgage payment in 2019: $278
– Median home value in 2020: $69,600
– Ranked #93 out of 3,120 counties nationwide

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#10. Lewis County

– Monthly mortgage payment in 2020: $255 (14.1% less than 2019)
– Monthly mortgage payment in 2019: $297
– Median home value in 2020: $69,000
– Ranked #85 out of 3,120 counties nationwide

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#9. Wolfe County

– Monthly mortgage payment in 2020: $251 (10.7% less than 2019)
– Monthly mortgage payment in 2019: $281
– Median home value in 2020: $67,800
– Ranked #71 out of 3,120 counties nationwide

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#8. Leslie County

– Monthly mortgage payment in 2020: $250 (8.8% less than 2019)
– Monthly mortgage payment in 2019: $274
– Median home value in 2020: $67,500
– Ranked #67 out of 3,120 counties nationwide

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#7. Lee County

– Monthly mortgage payment in 2020: $246 (14.3% less than 2019)
– Monthly mortgage payment in 2019: $287
– Median home value in 2020: $66,300
– Ranked #63 out of 3,120 counties nationwide

W.marsh // Wikimedia Commons

#6. Harlan County

– Monthly mortgage payment in 2020: $235 (8.9% less than 2019)
– Monthly mortgage payment in 2019: $258
– Median home value in 2020: $63,500
– Ranked #51 out of 3,120 counties nationwide

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#5. Bell County

– Monthly mortgage payment in 2020: $233 (11.7% less than 2019)
– Monthly mortgage payment in 2019: $264
– Median home value in 2020: $63,000
– Ranked #49 out of 3,120 counties nationwide

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#4. Letcher County

– Monthly mortgage payment in 2020: $228 (11.6% less than 2019)
– Monthly mortgage payment in 2019: $258
– Median home value in 2020: $61,700
– Ranked #42 out of 3,120 counties nationwide

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#3. Clay County

– Monthly mortgage payment in 2020: $211 (17.9% less than 2019)
– Monthly mortgage payment in 2019: $257
– Median home value in 2020: $57,000
– Ranked #28 out of 3,120 counties nationwide

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#2. Breathitt County

– Monthly mortgage payment in 2020: $211 (5.8% less than 2019)
– Monthly mortgage payment in 2019: $224
– Median home value in 2020: $56,900
– Ranked #26 out of 3,120 counties nationwide

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#1. Knott County

– Monthly mortgage payment in 2020: $201 (11.1% less than 2019)
– Monthly mortgage payment in 2019: $226
– Median home value in 2020: $54,200
– Ranked #20 out of 3,120 counties nationwide