There is a total of 9,682 properties with foreclosure filings in Kentucky. That works out to a rate of one filing for every 197 households, which compares to the United States average of 45, and is about one half of one percent of the state's housing units. It is a judicial foreclosure state, the time frame depending on the Lis Pindens notice. There is a 12 month Right of Redemption.
Kentucky is the 26th largest U.S. state by population, with 4,314,113 people. Its 40,409 square miles make it the 37th largest state by area. The median household income is $41,538. Kentucky has a GDP of $163.3 billion, the 28th highest in the nation.
While Kentucky has been thought of historically as an agriculture state, it has become the nation's 4th largest auto manufacturer in recent years, thanks influxes from Toyota, GM and Ford. Kentucky leads the nation in horse breeding, and its economy also is based in large part on livestock, coal and tobacco in addition to manufacturing. 24% of the elictricity produced in the United States comes from Kentucky, between the Paducah Gaseous Diffusion Plant and the coal fields. Kentucky is relatively poor, placing 43rd in per-capita income with $28,513, but its low cost of living helps offset that.