Quick facts: Harrodsburg, KY

Quick Facts

99.8
Cost of Living
below US average
9,149
Population
10.82
Crime Rate per 1000
below US average
$49,293
Median Income
below US average
$264,000
Median House Price
above US average
$15258.75
Average Rent
above US average
15%
Poverty Rate
above US average
4.5%
Unemployment Rate
above 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 $49,293.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $264,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $49,293
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Income Needed to Rent

⚠ Stretch
$654k/year
Based on $15258.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $654k vs median $49,293
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Harrodsburg, KY

Harrodsburg, Kentucky, is a historic city nestled in Mercer County and is known as the oldest town in the state, founded in 1774. With a small population of around 8,000 residents, it offers a charming, close-knit community atmosphere. The city is rich in history, featuring landmarks such as the Old Fort Harrod State Park, which commemorates the early pioneers and settlers. The park includes a replica of the original fort and hosts various historical events and reenactments. Harrodsburg is known for its vibrant local culture, including traditional Appalachian music and arts. The city also boasts beautiful landscapes, surrounded by rolling hills and picturesque farmland, making it an appealing spot for nature lovers. The area offers recreational opportunities such as hiking, fishing, and exploring the scenic countryside. Additionally, Harrodsburg is home to the Shaker Village of Pleasant Hill, showcasing the heritage and lifestyle of the Shaker community. Visitors can enjoy guided tours, craft demonstrations, and farm-to-table dining experiences. Overall, Harrodsburg is a blend of rich history, community spirit, and natural beauty, making it a unique destination in Kentucky.

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