Officially known the Commonwealth of Kentucky, this state is part of the Upland South region of the United States. The bluegrass region in the central part of the commonwealth contains the commonwealth’s capital, Frankfort, as well as its two largest cities, Louisville and Lexington. Together they comprise more than 20% of the commonwealth’s population. Kentucky is the 37th largest state by total area, and the 26th most populous. It is known as the “Bluegrass State,” a nickname based on Kentucky bluegrass, a species of grass found in many of its pastures, which has supported the thoroughbred horse industry in the center of the state.
Population: 4.5 million people
Median Household Income: $52,300
Population Density: 110 people/square mile
Median Home Sales Price: $199,000
Median Price to Rent: $773/month
On average, home values have gone up about 11% over the past year.