Cost of Living in Fleming County, Kentucky

$677/mo
Median Monthly Rent
$115,200
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$677/mo
12% below state average
Median Home Value
$115,200
59% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Fleming County Compares

Median monthly rent comparison

Fleming County$677/mo
Kentucky Average$771/mo
National Median$1,163/mo

Detailed Housing Stats

$677/mo
Median Gross Rent
$115,200
Median Home Value
$560/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Fleming County, Kentucky

Fleming leads Kentucky affordability

Fleming County boasts Kentucky's best rent-to-income ratio at 16.4%, beating both the state average (17.0%) and falling comfortably below the national 30% threshold. Median rent of $677/month ranks among the state's lowest, though median household income ($49,663) trails the U.S. average by 34%.

Most affordable Kentucky county

Fleming's 16.4% rent-to-income ratio leads all Kentucky counties surveyed, delivering the best rental affordability in the state. At $677/month, local rents run 12% below the state median, giving residents the most breathing room in their housing budgets across the commonwealth.

Rural affordability champion

Fleming's $677 rent undercuts most regional peers: Estill ($689), Garrard ($793), and Fayette ($1,101) all charge more. Combined with Fleming's lean 16.4% ratio, the county emerges as the most affordable option for renters across this cluster of central Kentucky communities.

Balanced housing budget

Fleming households earning $49,663 annually spend $677 on rent (16.4% of income) or $560 on mortgage payments for homes valued around $115,200. This leaves substantial income for other necessities—a rare luxury in rural Kentucky labor markets.

Fleming: Kentucky's affordability gem

If housing affordability tops your relocation criteria, Fleming County delivers the best rent-to-income ratio in the state at just 16.4%, with rents 12% below the Kentucky average. Factor in rural lifestyle trade-offs and job availability, but if you can secure remote work or compatible employment, Fleming offers unbeatable housing value.

Affordability Calculator

See how your income compares to housing costs in Fleming County

$

Rent Burden

16.4%

of gross income

Max Housing (28% Rule)

$1,159

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Fleming County

Median home value is $115,200. Estimated monthly cost: $920 vs. your max of $1,159.

Rent Affordability Guide

Your rent-to-income ratio16.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Fleming County, Kentucky?
Fleming County, Kentucky has a median monthly rent of $677/mo and a median home value of $115,200. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Fleming County?
The median gross rent in Fleming County is $677/mo. This is 12% below state average for Kentucky.
Is Fleming County affordable?
Fleming County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fleming County's rent compare to the state average?
Fleming County's median rent of $677/mo is 12% below state average of $771/mo for Kentucky.
What is the median home value in Fleming County?
The median home value in Fleming County, Kentucky is $115,200. This is 59% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.