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Salt Lick

Learn about the people, housing, costs and businesses in Salt Lick, Kentucky

Median Home$182,600
Median Rent$735/month
Population234
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing9% finance & insurance
Home Value Growth+8.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners82% of occupied units
NotableTransit79/100 · excellent transit access
Salt Lick
KY

Frequently Asked Questions

What are today's mortgage rates in Salt Lick?

As of today, the 30-year fixed mortgage rate for Salt Lick is approximately 6.983% (7.022% 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 Salt Lick?

The median home value in Salt Lick is $183k. The median monthly rent is $735. Annual property taxes average $966. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Salt Lick?

Home values in Salt Lick have increased 8.2% over the past two years. This represents moderate growth. 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 Salt Lick?

Based on a typical all-in ownership cost of $753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Salt Lick is $67k/year.

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What industries drive the economy in Salt Lick?

The largest employment sectors in Salt Lick are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.