Building Costs Per Square Foot in the State of Kentucky – Single Family Homes

Kentucky 2079 Moonbeam CT Bowling Green KY42104 - 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 1453 sqft - Built in 2022 - Price $279,900 (2)

Newly Built House in Kentucky 2079 Moonbeam CT Bowling Green KY42104 – 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 1453 sqft – Built in 2022 – Price $279,900 (2)

As of 2024, building costs in the state of Kentucky are -6% below the national average. The charts below show a comparison of costs between luxury, semi-luxury, best, good, average and minimum standard single-family houses. Costs are also given for manufactured housing in five quality classes.

2024 Building Costs Per Square Foot for Single Family Homes in the State of Kentucky, USA

Class 1 – Luxury Homes – $360.19 to $571.59 per sqft

Class 2 – Semi Luxury Homes – $218.92 to $347.38 per sqft

Class 3 – Best Standard Homes – $141.65 to $222.51 per sqft

Class 4 – Good Standard Homes – $103.27 to $163.95 per sqft

Class 5 – Average Standard Homes – $83.85 to $132.91 per sqft

Class 6 – Minimum Standard  Homes – $66.13 to $104.91 per sqft

Kentucky Single Family Houses 2024 Building Costs

Kentucky Single Family Houses 2024 Building Costs

2024 Building Costs Per Square Foot for Manufactured Housing in the State of Kentucky, USA

Manufactured housing is composed of one or more prefabricated modular units which are delivered to the site and assembled on a RC foundation or slab.

Best Quality Housing – $131.35 to $151.24 per sqft

Good Quality Housing – $110.29 to $133.43 per sqft

Average Quality Housing – $88.84 to $116.20 per sqft

Low Average Quality Housing – $75.03 to $101.25 per sqft

Lowest Quality Housing – $64.28 to $89.56 per sqft

Kentucky Manufactured Housing 2024 Building Costs

Kentucky Manufactured Housing 2024 Building Costs

 

2022 Residential Construction Market Analysis in the State of Kentucky, USA

Building costs are 4% below the national average in the state of Kentucky, and equivalent to the states of Alabama, Arizona, Georgia, North Carolina and Virginia. Kentucky, also known as the Bluegrass State, is a state that is attracting more and more people. From families who are looking to live in quieter towns, to investors who see a unique opportunity in this prosperous state, Kentucky offers a chance to anyone who wants to come and inhabit its nature.

Moving to a new state or choosing to invest in a real estate market you don’t know about is scary, and may not even be a good idea, so it’s always important to be as informed as possible. That is why we have prepared this article where we will show you a glimpse of how the real estate market is in Kentucky, as well as the residential construction market so that you can learn more about this and see that not everything is horses and fried chicken in Kentucky.

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