For most, it’s not a big shock that prices on the housing market continue to rise through 2024. According to the National Association of Realtors, the median sale price of a home in December of 2023 was 4.4% higher than in December 2022.
According to USA Today, Daryl Fairweather, chief economist at Redfin, recently said the current housing market is “the least affordable housing market in recent memory.”
While some may love the idea of homeownership, the current market has made renting look more attractive. A 2023 analysis by Realtor.com found renting was cheaper than buying in a majority of large metropolitan areas in the U.S.
How much does the average home cost in Kentucky? Is it better to rent or buy? Here are the median costs of homes in the Louisville metro area:
How much does it cost to live in Louisville?
The median costs are broken down by county and are based on third-quarter data from 2023.
What is the average cost of a home in Jefferson County?
The median price of a home in Jefferson County is $256,980, according to USA Today.
What is the average cost of a home in Clark County?
According to USA Today, the median price of a home in Clark County is $198,300.
How expensive is the average house in Harrison County?
The median price of a house in Harrison County is $180,390, according to USA Today.
What is the average cost of a home in Shelby County?
According to USA Today, the median cost of a house in Shelby County is $261,850.
What is the average cost of a house in Meade County?
The median cost for a home in Meade County is $198,270, according to USA Today.
How expensive is a home in Bullitt County?
According to USA Today, the median cost of a home in Bullitt County is $254,870.
Daily Briefing: Louisville sees record-breaking year in tourism economy
What is the average cost of a house in Hardin County?
The median price of a house in Hardin County is $221,820, according to USA Today.
How much is the average house in Oldham County?
According to USA Today, the median cost of a home in Oldham County is $418,320.
What is the average cost of a home in Floyd County?
The median cost of a house in Floyd County is $95,060, according to USA Today.
What is the average price of a house in Trimble County?
According to USA Today, the average house in Trimble County costs $161,450.
How expensive is a house in Spencer County?
The median cost of a house in Spencer County is $304,910, according to USA Today.
What is the average cost of a home in Henry County?
According to USA Today, the median price of a home in Henry County is $170,970.
Others are reading:Thousands of new apartments are under construction in Louisville. Here’s where
What are the most expensive housing markets in the U.S.?
The following counties have the highest median home values:
- 1. Santa Clara County, CA: $1,583,130
- 2. San Mateo County, CA: $1,573,470
- 3. Marin County, CA: $1,454,450
- 4. San Francisco County, CA: $1,332,660
- 5. Nantucket County, MA: $1,313,450
What are the least expensive housing markets in the U.S.?
The following counties have the lowest median home values:
- 1. Todd County, SD: $42,940
- 2. Cochran County, TX: $50,140
- 3. McDowell County, WV: $50,960
- 4. Cottle County, TX: $53,690
- 5. Stonewall County, TX: $57,140
