Quick facts: Bagdad, KY

Quick Facts

99.8
Cost of Living
below US average
136
Population
73.53
Crime Rate per 1000
above US average
$62,000
Median Income
below US average
$165,000
Median House Price
above US average
$1350
Average Rent
below US average
5%
Poverty Rate
below US average
3.0%
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 $62,000.

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Income Needed to Buy

βœ“ Affordable
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,000) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1350/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($62,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bagdad, KY

Bagdad is a small, unincorporated community located in Shelby County, Kentucky. Nestled in the picturesque rural landscape of the Bluegrass State, it lies approximately 30 miles east of Louisville, making it a peaceful retreat with easy access to urban amenities. The area is characterized by its scenic views, rolling hills, and horse farms, embodying the quintessential charm of Kentucky's countryside. Historically, Bagdad developed as a railway town in the 19th century and includes remnants of its rich heritage. The community is primarily residential, with a close-knit atmosphere that fosters a sense of belonging among its residents. Outdoor activities are popular here, with local parks and recreational spaces that allow for hiking, biking, and enjoying nature. Despite its small size, Bagdad's strategic location provides residents with a quiet, rural lifestyle while being just a short drive away from larger cities such as Shelbyville and Louisville, where they can enjoy shopping, dining, and cultural experiences. Overall, Bagdad offers a charming blend of rural living and community spirit, making it a unique spot in Kentucky.

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