Ravenna, KY
Population 632 · Kentucky
About Ravenna, KY
Ravenna is a small community located in Kentucky with a population of 632 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,979 per year, which is 51% below the national median of $75,149. The median age of 43.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Ravenna features a median home value of $84,300, which is 66% below the national median of $244,900. This makes Ravenna one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $843, 28% below the national average of $1,163/month. Of the 348 total housing units, 61% are owner-occupied (177 units) and 39% are renter-occupied (114 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Ravenna shows an unemployment rate of 10.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 30.9%, above the national average of 12.4%. Workers in Ravenna have an average one-way commute time of 26.2 minutes.
Education & Demographics
9.3% of Ravenna residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Ravenna, KY
Compared to national averages, Ravenna has a median household income of $36,979 (51% below the national median of $75,149). Home values average $84,300, which is 66% below the national median. Monthly rent at $843 is 28% below the US average of $1,163. Within Kentucky, Ravenna's income is 44% below the state average of $66,273, and home values are 54% below the state median of $182,504.
Why Live in Ravenna, KY?
Ravenna offers affordable housing with a median home value of $84,300, below the US average of $244,900, and rent that’s lower than the national average at $843/month.
Potential considerations include median household income ($36,979) that falls below the national average. However, Ravenna’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ravenna has a population of 632 with a median age of 43.4 years. Compare Ravenna with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Ravenna
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Upton | 631 | $45,938 | $131,300 | Compare |
| Benham | 628 | $52,652 | $54,500 | Compare |
| Fox Chase | 637 | $90,000 | $312,100 | Compare |
| Magnolia | 637 | $45,083 | $95,700 | Compare |
| Woodland Hills | 625 | $86,528 | $241,200 | Compare |
| Poplar Hills | 623 | $23,958 | $0 | Compare |
| Hollow Creek | 644 | $90,938 | $250,600 | Compare |
| Mayking | 645 | $29,198 | $71,500 | 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.
Compare Ravenna With Other Cities
Frequently Asked Questions about Ravenna
What is the population of Ravenna, KY?
The population of Ravenna, KY is 632 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Ravenna?
The median household income in Ravenna, KY is $36,979 per year, which is 51% below the national median of $75,149.
What is the median home value in Ravenna?
The median home value in Ravenna, KY is $84,300, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ravenna?
The median monthly rent in Ravenna, KY is $843, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Ravenna?
The unemployment rate in Ravenna, KY is 10.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ravenna, KY a good place to live?
Ravenna offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 632 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Ravenna, KY?
9.3% of residents in Ravenna aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Ravenna?
Key cost-of-living indicators for Ravenna, KY: median home value is $84,300 (66% below national), median rent is $843/month, and median household income is $36,979. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ravenna?
The poverty rate in Ravenna, KY is 30.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Ravenna, KY?
Ravenna's population is 0.0% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.6% two or more races. 0.0% of residents are foreign-born.