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

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, 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 .

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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

#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