Quick facts: Pendleton, KY

Quick Facts

99.8
Cost of Living
below US average
14,676
Population
2.04
Crime Rate per 1000
below US average
$58,723
Median Income
below US average
$95,000
Median House Price
above US average
$950.0
Average Rent
below US average
8%
Poverty Rate
below US average
4.9%
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 $58,723.

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Income Needed to Buy

βœ“ Affordable
$30k/year
Based on $95,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,723) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $950.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,723) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pendleton, KY

Pendleton, Kentucky, is a charming small town located in Pendleton County, situated in the northern part of the state. Known for its picturesque landscapes and rural charm, Pendleton offers a glimpse into Kentucky's countryside lifestyle. The town is characterized by its friendly community and close-knit atmosphere, making it a great place for families and individuals seeking a quieter pace of life. The area boasts several outdoor recreational opportunities, including parks and trails, perfect for hiking and enjoying nature. Pendleton is also rich in history, with several landmarks reflecting its heritage. Local events, such as farmers' markets and community festivals, foster a strong sense of community and provide opportunities for residents to connect. Pendleton's proximity to larger cities like Cincinnati, Ohio, allows residents to easily access urban amenities while enjoying the tranquility of a small town. Overall, Pendleton is an idyllic location for those looking to experience the charm of rural Kentucky with access to modern conveniences.

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