Estimated Monthly Payment — Median Kentucky Home
$1,504
Based on $215,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$215,000
Property Tax
0.86%
Avg. HOA
$150/mo
Median Rent
$1,000/mo
Free · No signup · Adjust every variable
Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the Kentucky housing market
Kentucky's housing market is among the most affordable in the country, with a median home price around $215,000. Louisville is the largest metro, with Lexington a close second. Kentucky's low home prices and moderate property taxes make total monthly housing costs among the most affordable in the country. Kentucky's effective property tax rate of 0.86% is below the national average.
The median Kentucky home costs $215,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,110, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $1,504. First-time buyers in Kentucky can explore programs through Kentucky HFA.
Photo by Joshua Michaels on Unsplash
Buying in Kentucky?
Explore Kentucky HFA programs, check your affordability, and make confident decisions.
Learn about Kentucky HFA programs →
FAQ
Kentucky mortgage FAQs
What's the property tax rate in Kentucky?
Kentucky's effective property tax rate averages about 0.86% — below the national average. On a $215,000 home, that's roughly $154/month or $1,849/year.
How much do I need to earn to afford a typical Kentucky home?
Using the 28/36 rule, a buyer would need roughly $56,000–$72,000 in gross annual income to comfortably afford Kentucky's $215,000 median home with 20% down at current rates.
What first-time buyer programs are available in Kentucky?
KHC offers the Down Payment Assistance Program providing $7,500-$10,000 in repayable or forgivable assistance for first-time and repeat buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
Ready to run the full numbers?
Adjust every variable, explore scenarios, and plan with confidence.