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West Van Lear

Learn about the people, housing, costs and businesses in West Van Lear, Kentucky

Median Home$148,746
Median Rent$768/month
Population692
Leading IndustriesProfessional Services · Manufacturing · Public Administration5% professional services
Home Value Growth⬆⬆+14.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners77% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableAffordable Market$149k median home · lower cost than 75% of the country
West Van Lear
KY

Frequently Asked Questions

What are today's mortgage rates in West Van Lear?

As of today, the 30-year fixed mortgage rate for West Van Lear is approximately 6.958% (6.999% 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 West Van Lear?

The median home value in West Van Lear is $149k. The median monthly rent is $768. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Van Lear?

Home values in West Van Lear have increased 14.4% 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 West Van Lear?

Based on a typical all-in ownership cost of $666/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Van Lear is $57k/year.

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What industries drive the economy in West Van Lear?

The largest employment sectors in West Van Lear are public administration (30%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.