Quick facts: Fort thomas, KY

Quick Facts

113.5
Cost of Living
above US average
17,133
Population
5.6
Crime Rate per 1000
below US average
$95,391
Median Income
above US average
$398,000
Median House Price
above US average
$2173.75
Average Rent
above US average
6%
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 $95,391.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $398,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $95,391
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Income Needed to Rent

βœ“ Affordable
$93k/year
Based on $2173.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($95,391) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fort thomas, KY

Fort Thomas, Kentucky, is a charming city located in Campbell County, just across the river from Cincinnati, Ohio. Known for its historic architecture and scenic views, Fort Thomas offers a blend of suburban tranquility and urban accessibility. The city features a rich history, with many buildings dating back to the late 19th century, reflecting its heritage as a former military post. Fort Thomas is home to several parks, including the popular Tower Park, which offers walking trails, playgrounds, and beautiful picnic areas. The community prides itself on its strong educational system, served by the Fort Thomas Independent Schools. With a vibrant local culture, residents enjoy various events throughout the year, promoting a tight-knit community feel. Dining and shopping options are abundant, with several local businesses adding to the charm. The city is also conveniently located near Cincinnati, allowing for easy access to a larger metropolitan area, complete with dining, entertainment, and cultural offerings. Overall, Fort Thomas combines small-town appeal with proximity to urban amenities, making it a desirable place to live and visit.

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