Living in Phelps, Kentucky
Cost of living, income, home prices, rent and demographics of Phelps · Census data 2020–2024
Phelps has 301 residents with a median age of 58.3. The median home value is $102,700.
Phelps is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Phelps at a glance
- Population
- 301
- Median age
- 58.3State: 39.1
- Median home value
- $102,700State: $205,600
- Homeowners
- 57.4%
- Bachelor's degree or higher
- 7.3%
Is Phelps a good place to live?
Pros: Home values 50% lower than the state median.
Cons: A poverty rate of 36.5%.
The weather is best in April–May and September–October.
Cost of living in Phelps
Housing is the biggest part of the cost of living. In Phelps the median home value is $102,700, 69% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in Phelps: homes for sale and rent
- Housing units
- 209
- Owner-occupied
- 57.4%
- Renter-occupied
- 42.6%
- Vacant
- 15.8%Includes seasonal homes
- Median year built
- 1989
- Average household size
- 1.71
Phelps demographics
- Population
- 301
- Median age
- 58.3
- Under 18
- 13%
- 65 and older
- 28.6%
- Households
- 176
- Foreign-born
- 0%
- Veterans
- 3.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Phelps ›
Education in Phelps
7.3% of adults 25 and older in Phelps have a bachelor's degree or higher (Kentucky: 27.6%), and 4.2% have a graduate or professional degree.
Jobs and commute in Phelps
- Unemployment rate
- 0%State: 4.9%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 69.9%
Phelps vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Phelps | 301 | — | $102,700 | — |
| McCarr | 265 | $37,043 | — | — |
| Matewan | 505 | $16,105 | $112,100 | $355 |
| Big Rock | 384 | $55,049 | — | — |
| South Williamson | 472 | $56,484 | $169,800 | $723 |
| Williamson | 2,919 | $21,875 | $89,600 | $489 |
| Delbarton | 333 | $40,750 | $85,000 | — |
| Gilbert Creek | 1,061 | $82,632 | $119,400 | — |
| Breaks | 208 | $125,938 | $46,100 | — |
More for people moving to Phelps
Phelps ZIP code ›Weather and climate ›Living in Phelps: FAQ
What is the average home price in Phelps?
The median home value in Phelps is $102,700, compared with $205,600 in Kentucky.
Is Phelps, KY a good place to live?
Pluses: home values 50% lower than the state median. Minuses: a poverty rate of 36.5%.
What is the median age in Phelps?
The median age in Phelps is 58.3 years (Kentucky: 39.1).
What is the unemployment rate in Phelps?
The unemployment rate in Phelps is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Phelps?
7.3% of adults in Phelps have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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