Owensboro, KY Rent To Own Homes

Rent-to-Own Homes in Owensboro, KY: What You Need to Know

Owensboro is the fourth largest city in Kentucky! The cost of living is low, attracting young professionals interested in settling down and establishing their adult lives. The schools are plentiful and excellent for those with families. There are larger cities nearby to provide a fun day trip away.

What is the Cost of Living in Owensboro, KY?

One of the major draws of Owensboro is the low cost of living. Overall, it is 12% cheaper to live here compared to the national average. Goods and services, groceries, and healthcare are all less expensive in Owensboro when compared to the national average, and equal to the Kentucky state average. Housing and all associated costs are 39% cheaper, as well! The median home value is $131,800 and just over half the residents own their homes. For those interested in renting rather than owning, studio apartments cost around $545 and one-bedrooms are $580 per month. For larger apartments, the rent is pricier. For example, two bedrooms are $760, three bedrooms are $980, and four bedrooms are $1,165 per month.

Transportation and Infrastructure in Owensboro, KY

Owensboro is a quiet city, but when you want a fun day trip or a weekend getaway, there are always larger cities nearby! Bowling Green is just an hour away by car. Hopkinsville is only an hour and a half-long drive. Louisville is about two hours away. For those who do more long-distance travel, the Daviess County Airport is the closest airport to Owensboro and considered medium-sized.

Weather and Climate

Residents of Owensboro enjoy a humid, subtropical climate meaning their summers are long, hot, and humid, while their winters are cold and wet. It rains a total of 158 days and accumulates 31” per year. April is the wettest month. It snows 21 days, gathering just over 5”. February is the snowiest month. January is the coldest month, with temperatures dipping down to 27°F. July is the warmest month, with a peak of 86°F. Kentucky is prone to tornados and will usually experience 21 each year.

Schools and Higher Education

There are 13 public schools in the Owensboro Independent School District, teaching just over 5,000 students. For those uninterested in public education, there are 6 private schools available, as well. Around 1,500 students use these schools. If you are seeking higher education, there are 4 colleges in Owensboro and 46 colleges within a 100-mile radius of the city. Brescia University, Kentucky Wesleyan College, Daymar College Owensboro, and Owensboro Community and Technical College are all located within the city.

How Many People Live in Owensboro, KY? 

61,000 people call Owensboro home, making it the 4th largest city in the state of Kentucky. Of the total population, 86% are White, 6% are African American, 4% are Mixed, and 2% are Asian American. 32% of all residents are under 18 years old, and 18% are over 65. The median age is 38; for men, it is 37 and for women, it is 40. 88% of all adults have their high school diploma, and 23% have their bachelor’s degree.