Quick facts: Olympia, KY

Quick Facts

99.8
Cost of Living
below US average
200
Population
50.0
Crime Rate per 1000
above US average
$45,000
Median Income
below US average
$179,900
Median House Price
above US average
$1350
Average Rent
below US average
15%
Poverty Rate
above US average
5.5%
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 $45,000.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $45,000
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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 $45,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Olympia, KY

Olympia is a small, unincorporated community located in Bath County, Kentucky. Nestled in the picturesque landscapes of the Bluegrass region, Olympia's charm lies in its rural setting and close-knit community vibe. The area is characterized by rolling hills, lush farmland, and serene views, making it an ideal spot for those who appreciate the tranquility of country living. While Olympia may not feature extensive commercial establishments, residents have access to local amenities and services in nearby towns. The community is rich in history and offers a glimpse into Kentucky's rural heritage. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and exploring the natural beauty of the surrounding areas. Olympia is conveniently situated near larger towns like Owingsville and Mount Sterling, providing residents with additional shopping, dining, and entertainment options. The community reflects the slower pace of life typical of small-town Kentucky, making it a peaceful retreat for both locals and visitors alike.

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