Nicknamed the Bluegrass State, Kentucky is one of four commonwealth states in the U.S. and displays a diverse cultural and economic profile. In recent years, mobile homes have experienced an increase in demand, but most properties are single-family homes with two or three bedrooms. Furthermore, many houses were built after 1970 and feature more modern architectural influences. However, people who have an interest in history and tradition can still find local real estate that was built in the early 20th century.
Depending on your individual needs, Kentucky offers several different options in terms of atmosphere and amenities. For those who prefer a bustling metropolitan community, Louisville is one of the wealthiest cities in the state and accounts for a significant portion of annual population growth. Lexington is the second largest city in Kentucky and is known as a center for equestrian events and activities. If you are looking for a quiet place to settle down, Bowling Green was ranked one of the best places to retire by Forbes magazine in 2014 and is also home to Western Kentucky University nearby. Covington, on the other hand, is located at the junction of the Ohio and Licking rivers, making it an ideal place for outdoor recreation and waterfront real estate.
Due to an extensive reputation for excellent soil, farming and agriculture has always been an important aspect of the economy in Kentucky. As a result, horse breeding has been a primary source of income since the 1800s along with the cultivation of tobacco. However, the Kentucky Derby boosts annual profits for tourism and hospitality throughout the state. Industries that are unrelated to agriculture and farming include healthcare and manufacturing, but retail is also a critical job sector in this region. Other areas that have experienced an increase in job openings over the last several years are alcohol production, vehicle assembly and distribution.