Quick facts: Fordsville, KY

Quick Facts

99.8
Cost of Living
below US average
441
Population
79.37
Crime Rate per 1000
above US average
$43,281
Median Income
below US average
$210,000
Median House Price
above US average
$1350
Average Rent
below US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $43,281.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $210,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $43,281
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1350/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $43,281
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fordsville, KY

Fordsville is a small, unincorporated community located in Ohio County, Kentucky. Nestled in the rolling hills of the Bluegrass region, it offers a picturesque rural setting. With a population of just a few hundred residents, Fordsville epitomizes the charm of small-town life. The community is known for its friendly atmosphere and close-knit relationships among residents. It provides basic amenities, including local shops and services, catering to the daily needs of its inhabitants. Nature enthusiasts will appreciate the surrounding landscape, featuring lush farmland and scenic views, ideal for outdoor activities like hiking and fishing. Fordsville hosts community events that bring residents together, fostering a sense of belonging. It's conveniently located near larger towns, giving residents easy access to additional shopping, dining, and entertainment options. The area's rich history is reflected in its architecture and cultural heritage, making Fordsville a quaint spot that captures the essence of rural Kentucky living. Visitors can enjoy the peace and tranquility that comes with life away from bustling city centers.

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