From lush bluegrass to the music of the same name, Kentucky is undeniably the bluegrass state. Fortunately, Kentucky real estate prices won't leave you blue.

Kentucky

When it comes to assumptions, leave yours at the door when considering Kentucky. This state is a hidden gem. From the Appalachian Mountains to the rolling hills covered with horse racing farms, Kentucky has much to offer. In the mountains, you can hike, climb, camp, fish, go rafting and so on. The state is home to the Mammoth Caves, an absolute must see if you get to this part of the country with there underground cathedrals created by Mother Nature. On top of all of this, you can sip famous Kentucky Whiskey, and listen to the vibrant Bluegrass music scene. Kentucky is simple the hidden gem of the southeast.

Louisville

Sitting on the border of Indiana, Louisville is a cosmopolitan city with a hint of influence from the original French settlers. The city has the best city park system in the nation and you'll find plenty of places to stroll and enjoy yourself. The city also provides plenty of neat little walking areas and outdoor cafes are the name of the game. With the University of Louisville, there is definitely a college lifestyle mixed into the atmosphere of the city.

Louisville is known world wide for two things. The Kentucky Derby is an event unto itself and as many as 500,000 people will descend upon the city for the event. Most of these people will experience the second thing Louisville is known for - Bourbon. If the smokey cool drink is your thing, this is the place.

Lexington

Competing with Louisville is the college town of Lexington. A not so small civil war exists between the two cities when it comes to college basketball games between the University of Kentucky and University of Louisville. You must pick a side and be prepared to defend it. Yes, even if you never attended either school!

Lexington is a college town, but the economy is primarily based on the tobacco industry. Fields. Raising horses is also strong business on the surrounding rolling fields. For architecture, you'll find collections of antebellum homes in the town as well as surrounding hills for hiking and such. Downtown is no great shakes, but Lexington gets a thumbs up overall.

Kentucky Real Estate

Despite the stunning beauty of the state, Kentucky real estate prices are surprisingly reasonable. A single-family home is in Lexington will costs $210,000 on average while the same home in Louisville will set you back an additional $30,000. Appreciation rates for 2005 were a modest 6 percent on average.

If you're looking to relocate to a new location, Kentucky is a place to be investigated. The state has a lot more to offer than you may realize.