Special Interest

Housing in Madison County

The inside story on rent prices
Madison
Kentucky
United States
$0
$1,000
$2,000
$3,000
$4,000
$5,000
20%
25%
30%
35%
40%
$1,348
$933
$851
$4,283
$3,223
$3,134
Median Monthly Rent for 2 Bdrm
Median Renter Household Income
Rent to Income Ratio %
32%
29%
27%
Source: US Census Bureau - ACS 5 Yr 2023

Almost half of renters in the United States pay 1/3 or more of their monthly income for rent (third column above). Compare that with rent in Madison County and Kentucky in the first two columns. The optimal rent to household income ratio is 25% to 28% or less. When you pay more than 30% of your income towards rent, your ability to pay for food, transportation, health care, education, and savings becomes increasingly difficult.
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How affordable is housing in Madison County?

Towns Near Richmond

City
County
State
Miles
Fayette
KY
0.0 mi.
Jessamine
KY
10.4 mi.
Jessamine
KY
10.4 mi.
Woodford
KY
13.3 mi.
Scott
KY
14.0 mi.
Woodford
KY
14.5 mi.
Jessamine
KY
14.9 mi.
Clark
KY
16.8 mi.
Bourbon
KY
18.6 mi.
Madison
KY
20.9 mi.
Scott
KY
21.6 mi.
Bourbon
KY
22.4 mi.
Franklin
KY
25.5 mi.
Scott
KY
26.0 mi.
Bourbon
KY
26.5 mi.
Madison
KY
27.8 mi.
Harrison
KY
28.2 mi.
Madison
KY
32.3 mi.
Harrison
KY
35.1 mi.
40502
40503
40504
40505
40507
40508
40509
40510
40511
40513
40514
40515
40516
40517
40356
40339
40383
40324
40347
40390
10000 km
Leaflet Map data: © OpenStreetMap

Renter Qualifications

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