Flatwoods, KY
Population 7,281 · Kentucky
About Flatwoods, KY
Flatwoods is a small community in Kentucky with a population of 7,281 residents. The median household income is $60,467 per year, which is near the national average. The median age in Flatwoods is 41.4 years.
Housing in Flatwoods has a median home value of $112,200 and median monthly rent of $923. Of the 3,084 total housing units, the majority are owner-occupied, with 2,243 owner-occupied and 644 renter-occupied units.
The unemployment rate in Flatwoods is 6.1% and the poverty rate is 17.2%. 15.9% of residents hold a bachelor's degree or higher. The average commute time is 21.4 minutes.
Cost of Living in Flatwoods, KY
Compared to national averages, Flatwoods has a median household income of $60,467 (20% below the national median of $75,149). Home values average $112,200, which is 54% below the national median. Monthly rent at $923 is 21% below the US average of $1,163. Within Kentucky, Flatwoods's income is 9% below the state average of $66,273, and home values are 39% below the state median of $182,504.
Why Live in Flatwoods, KY?
Flatwoods offers affordable housing with a median home value of $112,200, below the US average of $244,900, and rent that’s lower than the national average at $923/month, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($60,467) that falls below the national average. However, Flatwoods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Flatwoods has a population of 7,281 with a median age of 41.4 years. Compare Flatwoods with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Flatwoods
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Russellville | 7,244 | $47,875 | $156,000 | Compare |
| Villa Hills | 7,378 | $108,750 | $339,800 | Compare |
| Union | 7,494 | $139,013 | $382,900 | Compare |
| Mount Sterling | 7,549 | $50,843 | $178,200 | Compare |
| Pikeville | 7,560 | $39,216 | $301,300 | Compare |
| London | 7,576 | $45,850 | $155,500 | Compare |
| Morehead | 6,924 | $35,000 | $176,300 | Compare |
| Taylor Mill | 6,880 | $83,210 | $224,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Flatwoods
What is the population of Flatwoods, KY?
The population of Flatwoods, KY is 7,281 according to the latest Census data.
What is the median household income in Flatwoods?
The median household income in Flatwoods, KY is $60,467 per year.
What is the median home value in Flatwoods?
The median home value in Flatwoods, KY is $112,200.
What is the average rent in Flatwoods?
The median monthly rent in Flatwoods, KY is $923.
What is the unemployment rate in Flatwoods?
The unemployment rate in Flatwoods, KY is 6.1%.