Versailles, Kentucky Real Estate & Housing Market

Versailles, KY Listings

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Versailles Housing Information

Index	Versailles	Kentucky	National
Median home price	$139,900	$126,100	$184,700
Median rent asked	$680	$690	$949
Avg. people per household	2.5	2.5	2.6
Owner occupied households	50.0%	66.8%	63.6%
Renter occupied households	50.0%	33.2%	36.4%

A general summary of the real estate market in Versailles, KY is listed above. Properties in Versailles, KY average a cost of $139,900, which is 11% higher than the median home price for real estate located in Kentucky. This means that the region of Versailles, KY is, on average, less affordable when compared to the remainder of Kentucky. Since tenants living in Versailles, KY will pay an average of $680, the median rental cost is 1% lower than in Kentucky. 50.0% of people in Versailles, KY own their own homes, and an average of 2.5 people inhabit each property. Versailles, KY has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Versailles Home Affordability

When starting your search for real estate in Versailles, KY, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Versailles, KY costs $139,900 while each household has an average income of $38,613. Consequently, the ratio of home price to household income is 3.6x; this ratio is 29% higher than the average in Kentucky. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Versailles, KY. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Versailles, KY.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Salvisa, KY	481	$75,900	59%
High Bridge, KY	264	$111,900	39%
Lawrenceburg, KY	11,081	$121,600	34%
Frankfort, KY	27,598	$126,400	32%
Nicholasville, KY	29,249	$137,700	25%
Versailles, KY	9,091	$139,900	24%

Cities with similar population

City, State	Population	Home Price	National Avg.
Triangle, VA	9,092	$411,000	123%
New Baltimore, VA	9,097	$444,700	141%
Independence, KS	9,084	$68,100	63%
Saline, MI	9,082	$215,100	16%
Rock Falls, IL	9,104	$75,500	59%
Versailles, KY	9,091	$139,900	24%

Source: The Versailles, KY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).