Finding the best place to live isn’t easy, especially when you don’t know much about your next location. Therefore, it’s better to hand the problem to the professionals. Paying attention to their advice is going to give you an idea about places and provide you information that it’s trickier to get.
As you don’t want to pick a place that is crowded already, we’re going to list the areas where undervalued homes are ready to get.
Are there criteria when listing the places?
Each professional has their own criteria and personal flair (if they’re good at it), but we came up with a list of rules based upon our experience in real estate so far:
- Y-o-Y Change in the population (how many people would like to live in that place)
- Y-o-Y change in Median Home Prices (how many people are interested in pay for that place)
- Home prices when compared to the state average.
We gather those places that are still developing, where prices don’t go up that easily stand out as winners. The areas we chose to have more than 5,000 people and are easier to rank.
Instead of making a top, we will list our top 10 places to live in Kentucky with your family. It’s not a top per se, but rather a compilation of recommendations.
What are the best places to live in Kentucky with your family?
Without any further ado, here are the ten best places to consider when selecting your home in Kentucky:
With a bit over 7,000 population, Russellville has registered a population change of 0.2% and a home price range of 8.6%. The average home price is around $94,000.
It was Gasper Butcher that settled Russellville, as a frontier place of Virginia, back in 1780. Also known as Gasper Butcher’s Spring, the Big Boiling Spring, and Butcher’s Station, historicals weren’t able to find any written records of the population before 1790. The Cook’s Station, aka the community, is located 1 mile east of the current city and has become Logan Court House when selected as the seat of the new Logan County in 1792.
Almost 9,000 people are living in Hillview, and the average home price here is over $115,000. The home price range is 3.9%, and the population change is 2.6%.
It rather small, and only $6,120 people are living in Monticello. The average home price is around $86,000. With home price change of 7.0% and a population change of 0.1%, Monticello is an attractive place for many families.
More than 11,000 people live here, and the average price for a home is a bit over $90,000. It was founded at the beginning of the 1800s and laid out by Andrew Campbell. He possed a gristmill and tavern, starting to sell lost in 1814. Soon enough (in 1848), Campbellsville become the county seat, as Taylor County got separated by the Green County. The city began to sell the public square to the county for just one dollar, so that building of the courthouse became possible.
With only 7,300 people living in Corbin, the place was initially known as Lynn Camp Station. The community founder, Nelson Cummins, gave the name for the first post office too. It seems that Cummins and Lynn Camp were used as a name for Kentucky post offices, which is why James Eaton had to find different names. Honoring the local minister at that time (James Corbin Floyd), he chose the name, Corbin. The name became official only in 1905.
Settled for the very first time back in 1885, Elsmere was known as South Erlanger. In 1896, the place made it as a city, and its name became Elsmere, with Elsmere Avenue in Norwood (Ohio) as a source of inspiration. It was the hometown for one of the founders, which explains the current name.
The population is almost 9,000 (8,555), whereas the average price for a home is $108,700. The population change is 0.8%, and the home price change is only 3%.
Population change is -0.1%, and Dayton has only 5,600 people living in it at the moment. It used to have a ferry crossing at the beginning of the 19th century. Nowadays, the place is Dayton Street. The median price of a home in Dayton is $96,500.
It was almost the beginning of 1800 (1799) when the city of Glasgow was established. It was also in 1799 when the community was chosen as the seat for the new county. The John Gorin’s donation of 50 acres for public landings (he was a native), the central location, and the large spring were the main reasons for being selected as the seat for the new county.
The town was named in honor of William Logan’s father that came from the Scottish city, Glasgow. He was one of the two commissioners that had to choose the county seat.
The first post office was built in 1803, and the place obtained the city rights in 1809.
There are 14,318 people currently living in Glasgow, and the population change is -0.1%. The price of a house is around $110,000.
Initially known as the Spring-Ford (thanks to the ford crossing the Cumberland River nearby), Williamsburg has an interesting history as well.
In 1818, the Whitley County Court had the first meeting at Samuel Cox’s home, with the court asking the local officials to collaborate with the county militia. At that moment, people refer to the town as Whitley Courthouse. The name was changed in 1882 to Williamsburgh, and only in 1890, its name became Williamsburg.
Also, you are just 18 mins awat from 700 Central Ave, Louisville, KY 40215, Statele Unite ale Americii, which is the place where the well-known Kentucky Derby 2020 is.
There are a bit over 5,000 people living in Williamsburg, and there is -0.0% population change. You can pay around $84,000 for a regular house here.
It was 1820 when Franklin was finally included formally by the state assembly, on a 62-acre tract of land. William Hudspeth sold the tract, and it was named after Benjamin Franklin.
Robert W. Simpson was the postmaster that established the first post office in 1822.
8.675 people are currently living in Franklin, and the cost of a house is a bit over $100,000.