Phelps, KY
Population 387 · Kentucky
About Phelps, KY
Phelps is a small community in Kentucky with a population of 387 residents. The median household income is $28,542 per year, which is below the national average. The median age in Phelps is 55.6 years.
Housing in Phelps has a median home value of $111,600 and median monthly rent of $0. Of the 186 total housing units, the majority are owner-occupied, with 142 owner-occupied and 44 renter-occupied units.
The unemployment rate in Phelps is 89.2% and the poverty rate is 17.3%. 6.7% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Phelps, KY
Compared to national averages, Phelps has a median household income of $28,542 (62% below the national median of $75,149). Home values average $111,600, which is 54% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Phelps's income is 57% below the state average of $66,273, and home values are 39% below the state median of $182,504.
Why Live in Phelps, KY?
Phelps offers affordable housing with a median home value of $111,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($28,542) that falls below the national average. However, Phelps’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Phelps has a population of 387 with a median age of 55.6 years. Compare Phelps with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Phelps
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Symsonia | 386 | $0 | $225,000 | Compare |
| Sadieville | 385 | $59,688 | $158,300 | Compare |
| Norwood | 395 | $106,667 | $347,400 | Compare |
| Creekside | 378 | $130,300 | $299,200 | Compare |
| Forest Hills | 374 | $76,667 | $241,200 | Compare |
| Meadowview Estates | 373 | $70,469 | $210,700 | Compare |
| Sacramento | 373 | $25,455 | $80,800 | Compare |
| Bradfordsville | 403 | $32,045 | $0 | 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 Phelps
What is the population of Phelps, KY?
The population of Phelps, KY is 387 according to the latest Census data.
What is the median household income in Phelps?
The median household income in Phelps, KY is $28,542 per year.
What is the median home value in Phelps?
The median home value in Phelps, KY is $111,600.
What is the average rent in Phelps?
The median monthly rent in Phelps, KY is $0.
What is the unemployment rate in Phelps?
The unemployment rate in Phelps, KY is 89.2%.