Stone, KY

Stone is a small town located in the Appalachian Mountains of Kentucky. The population is just over 2,000 people and there are only a handful of businesses in the town. The main industry in Stone is tourism, as the town is located near several natural attractions.

Real estate in Stone is relatively affordable compared to other larger cities in Kentucky. The median home price was just over $100,000 as of 2016, which is much lower than Louisville or Lexington. There are a few reasons for this affordability: Stone's location and limited inventory.

Stone is located about an hour from both Louisville and Lexington, which makes it a popular tourist destination for people who want to explore both cities without having to spend too much time on the road. Additionally, there are not many homes available for sale in Stone, so buyers have plenty of choice when it comes to what they can buy. This limited inventory has also helped keep prices low; as more homes come onto the market, prices will likely start to rise faster than they have been currently.

Despite being affordable, Stone does have its share of problems that affect all small towns: traffic congestion and crime are two examples. Traffic congestion can be especially frustrating during rush hour; however, efforts by the city government to improve infrastructure have made some progress recently. Crime has been an issue for years in Stone; however, recent efforts by law enforcement agencies seem to be making a difference. Overall, though there are some challenges facing Stone real estate investors and homeowners alike, overall conditions appear favorable at this time