CALCMONEY // HOME AFFORDABILITY // KY
Find out how much home you can afford in Kentucky using local median home prices, current mortgage rates, and KY-specific property tax data.
Open Full Calculator$234,510
$1,460/mo
$243,214
$62,588/yr
| Median Home Price | $234,510 |
| Down Payment (20%) | $46,902 |
| Loan Amount | $187,608 |
| Monthly PI Payment | $1,218 |
| Monthly Property Tax | $145 |
| Monthly Insurance Est. | $98 |
| Total Monthly PITI | $1,460 |
| Required Gross Income (28% rule) | $62,588/yr |
| Max Affordable Price (28% rule) | $243,214 |
$8,208
$1,872/mo
Kentucky Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $234,510 | State median |
| Down Payment (20%) | $46,902 | Conventional |
| Monthly PITI (median home) | $1,460 | 6.76% rate |
| Required Income (28% rule) | $62,588 | Annual gross |
| Max Affordable Home | $243,214 | Based on median income |
| FHA Down Payment (3.5%) | $8,208 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Kentucky is $234,510, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $187,608, resulting in a monthly principal and interest payment of $1,218. Once property taxes and insurance are added, total monthly housing costs reach $1,460.
Property taxes in Kentucky average 0.74%, near the national average of 1.1%. On the median Kentucky home, property taxes add $145/month to total housing costs.
Kentucky levies a state income tax of 3.5% flat, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Kentucky state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Kentucky's median income of $64,526/year can afford up to $1,506/month in total housing costs (principal, interest, taxes, and insurance). Based on Kentucky's current mortgage rate of 6.76% and property tax rate of 0.74%, that translates to a maximum affordable home price of approximately $243,214 with 20% down on a 30-year loan.
To comfortably afford the median Kentucky home priced at $234,510, you need an annual gross income of approximately $62,588. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,218, property taxes of $145, and insurance of $98) come to $1,460/month, which should not exceed 28% of your gross monthly income.
Kentucky's average property tax rate is 0.74%, which is near the national average of 1.1%. On the median Kentucky home of $234,510, that means annual property taxes of $1,735, or $145/month. Because lenders include property taxes in your debt-to-income calculation, Kentucky's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Kentucky home of $234,510, that is $8,208. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($46,902 on the median Kentucky home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Kentucky-specific minimum down payment requirements beyond federal guidelines.