c.1923 Kentucky Craftsman Bungalow For Sale $199K
OHU50K Notes $199,000
Realtor Comments
This 102 year old, historic house is just waiting to become YOUR forever home. It has some of the most gorgeous woodwork of any home you’ll ever see, and nobody has painted over it! It is just waiting for that special someone that loves to see history live on, and has the time and vision to make it happen. This house has SO much potential to be renovated into a showplace. 3 spacious bedrooms, 2 full baths, and a ton of room throughout. Beautiful fireplaces, tall ceilings, all the great features that you will only find on a classic home like this one. A new coat of interior paint has just been added, and the heating system was recently repaired and upgraded. A large basement, which is rare on a home this age, makes it easy to reach all the pipes and systems. The original coal room is still in place, which just adds to that nostalgic feel. Just looking for a solid rent producer? You can’t go wrong with the size and location of this one. Other rooms could easily be converted into bedrooms for increased rent potential. Walking distance from the college, shopping, and just about everything one would need. Home is zoned residential, but ies in the heart of the busiest commercial district in town. Call today for your private tour of this great, historic home.
- 3 bed
- 2 bath
- Build date 1923
Pros
1. Very Low Cost of Living & Affordable Housing
Overall cost of living is ~28% below U.S. average and ~12% below Kentucky average. A typical home costs around $110–123K
Median rent is only $720/month, roughly half the national average.
2. Excellent Safety
Crime rate about 85% lower than the national average; violent crime ~100 per 100K and property crime ~260 per 100K
Recognized as one of Kentucky’s safest small cities
3. Close-Knit, Friendly Community
Small sparse-suburban feel with warm local engagement
Nextdoor and college community echo strong neighborliness and helpfulness.
4. Strong Education Presence
Home to Lindsey Wilson College, contributing vibrancy and cultural activities
Local primary schools rated B–C+ currently; school district devotes attention to students.
5. Outdoor Recreation & Events
Proximity to Green River Lake, parks, and walking tours in a historic downtown
Active calendar: “Downtown Days”, “To The Nines”, county fair, and seasonal events like car cruises and expos
6. Short Commute & Car-Friendly
Average commute is under 17–18 minutes; high vehicle ownership; little traffic
Some walking possible downtown; overall driving is easy.
Cons
1. Limited Job Market & Low Incomes
Median household income ~$35–45K, 30–50% below national average.
Unemployment (~5–8.5%) is higher than state average, indicating limited local employment options.
2. Sparse Amenities & Entertainment Options
Few big-box stores, diverse dining, or cultural venues—expect gas stations and fast food downtown
One Reddit user noted:
“fairly rural… a lot of gas stations and fast food.”
3. Education System Could Improve
Local schools receive ratings around C–C+; graduation rates (~63–70%) are somewhat low
4. Small Size & Slow Population Growth
Population ~4,700–4,800; growth flat or slightly negative (-0.3% last year, -5.2% in five years)
Small-town atmosphere may feel limiting for those craving city amenities.
5. Limited Public Transit & Walkability
No significant public transportation; most errands require a car
Shopping, healthcare, and social venues spread out.
