Kentucky is the thirty-seventh largest state by area, with a population of 4,468,402 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Kentucky. One of the most famous American frontiersmen, Daniel Boon, first arrived in Kentucky in 1767 and founded one of the first American settlements, Boonesborough. Kentucky was the first birthplace for both leaders of the Civil War, U.S. President Abraham Lincoln and Confederate President Jefferson Davis. During World War II, Kentucky played vital roles in manufacturing more than 93,000 jeeps and protecting American gold at Fort Knox.
Today, Kentucky's economy has a GDP of $211 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by the education and health services, professional and business services, leisure and hospitality, government, and trade, transportation, and utilities. Many of the leading Fortune 500 companies have their headquarters in Kentucky, including Humana, Yum! Brands, and Ashland Inc., to name a few.
The most recognized cities in Kentucky are Louisville, Lexington, and Frankfort.
Louisville is located in the northwest part of Kentucky and has a population of 615,478. Louisville is home to Louisville Slugger Museum & Factory, Churchill Downs, and the Louisville Zoo. Over the last ten years, Louisville's housing market has appreciated by 26.44%. When compared to the rest of the nation, Louisville's housing prices are more affordable, with the median home price of $146,900 and a median rent of $779.
Lexington resides in the central part of Kentucky and has a population of 315,109. Lexington is home to Kentucky Horse Park, Raven Run Nature Sanctuary, and Fort Boonesborough State Park. Over the last ten years, Lexington's housing market has appreciated by 26.89%. When compared to the rest of the country, Lexington's housing prices are slightly less, with the median home price of $175,000 and a median rent of $828.
Frankfort is the capital of Kentucky and has a population of 27,453. Frankfort is home to the Kentucky State Capitol Building, Kentucky History Center & Museum, and Salato Wildlife Center. Over the last ten years, Frankfort's housing market has appreciated by 1.13% annually. When compared to the rest of the nation, Frankfort's housing prices are significantly less, with the median home price of $126,700 and a median rent of $727.