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Erlanger

Learn about the people, housing, costs and businesses in Erlanger, Kentucky

Median Home$227,097
Median Rent$1,042/month
Population20,120
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation12% arts, food & hospitality
Home Value Growth⬆⬆+13.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners68% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 12% nationally
Erlanger
KY

Frequently Asked Questions

What are today's mortgage rates in Erlanger?

As of today, the 30-year fixed mortgage rate for Erlanger is approximately 6.853% (6.888% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Erlanger?

The median home value in Erlanger is $227k. The median monthly rent is $1,042. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Erlanger?

Home values in Erlanger have increased 13.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Erlanger?

Based on a typical all-in ownership cost of $1,101/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Erlanger is $76k/year.

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What industries drive the economy in Erlanger?

The largest employment sectors in Erlanger are public administration (23%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.