CALCMONEY // MORTGAGE // KY // LEXINGTON
Calculate your monthly mortgage payment using Lexington-specific property tax rates and local market data.
$285,000
6.9%
0.9%
92
| Principal & Interest | $1,502 |
| Property Tax | $214 |
| Homeowners Insurance (est.) | $95 |
| Total Monthly Payment (PITI) | $1,810 |
$57,000
$312,579
$77,587/yr
Lexington homebuyers are working with a $285,000 median price point, 32% below the national figure. Against the $62,000 median household income in the area, that's a 4.6x multiple.
Property taxes in Lexington run 0.9% of assessed value, below the 1.1% national average. On the median home, that's $2,565 a year, or $214 added to the monthly payment.
Between the $1,810/month mortgage payment and Kentucky's state income tax, your real housing cost calculation needs your after-tax number, not your gross salary.
Beyond housing, Lexington's cost of living index sits at 92 (national average = 100), running below the national baseline for groceries, transportation, and everyday services.
Lexington's median home price runs 16% higher than nearby Louisville: $245,000 there versus $285,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $228,000 loan saves $10,260 in interest over 30 years.
Compare Top Lexington Mortgage LendersLouisville
$245,000 median
KYBowling Green
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KYCovington
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KYOwensboro
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