2026 data · 0.80% property tax · Median home $177,400
Kentucky Mortgage Calculator
A median-priced home in Kentucky ($177,400) costs roughly $1,153 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Kentucky's effective property tax rate is 0.80% — close to the US average of about 1.0%.
Kentucky median-home monthly payment
$1,153/mo
P&I $944 · Tax $118 · Insurance $90
@ $177,400 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Kentucky
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $177,400 (state median) | $35,480 | $944 | $118 | $90 | $1,153 |
| $200,000 | $40,000 | $1,064 | $133 | $102 | $1,299 |
| $300,000 | $60,000 | $1,597 | $200 | $153 | $1,949 |
| $400,000 | $80,000 | $2,129 | $267 | $203 | $2,599 |
| $500,000 | $100,000 | $2,661 | $333 | $254 | $3,249 |
| $750,000 | $150,000 | $3,992 | $500 | $381 | $4,873 |
Calculations use Kentucky's 0.80% effective property tax rate, estimated homeowners insurance at 0.61%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Kentucky property tax
Effective rate
0.80%
Median home value
$177,400
Median property tax
$1,382/yr
Kentucky has below-average property tax rates. Homestead exemption of $46,350 for homeowners 65+ or disabled. Some cities/counties levy local occupational taxes that affect mortgage affordability.
See our property tax calculator for a state-by-state property tax breakdown, and our Kentucky paycheck calculator to estimate take-home pay against this monthly housing cost.
Kentucky vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Kentucky (this page) | 0.80% | $177,400 | $1,382 | |
| Ohio | 1.36% | $204,200 | $2,770 | Ohio mortgage → |
| West Virginia | 0.57% | $134,200 | $768 | West Virginia mortgage → |
| Virginia | 0.80% | $348,300 | $2,780 | Virginia mortgage → |
| Tennessee | 0.56% | $269,600 | $1,520 | Tennessee mortgage → |
FAQs about Kentucky mortgages
What is the property tax rate in Kentucky?
Kentucky's effective property tax rate is 0.80%, meaning the average homeowner pays roughly 0.80% of their home's value in property tax annually. On a $177,400 home (the state median), that's about $1,382 per year, or $115 per month added to your mortgage payment.
What is the average monthly mortgage payment in Kentucky?
For a home at Kentucky's median value of $177,400, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Kentucky's 0.80% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,153. This includes $944 principal & interest, $118 property tax, and $90 homeowners insurance.
How much income do I need to buy a house in Kentucky?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $49,414 to comfortably afford Kentucky's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $32,177 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Kentucky a good state to buy a house?
Kentucky's combination of 0.80% property tax (near the national average of ~1.0%) and median home value of $177,400 make it one of the more affordable states for homeowners. Kentucky has below-average property tax rates.
How does Kentucky property tax compare to neighboring states?
Kentucky's 0.80% rate compares to: Ohio at 1.36%, West Virginia at 0.57%, Virginia at 0.80%, Tennessee at 0.56%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Kentucky have a homestead exemption?
Kentucky has below-average property tax rates. Homestead exemption of $46,350 for homeowners 65+ or disabled. Some cities/counties levy local occupational taxes that affect mortgage affordability.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Kentucky mortgage, the breakdown on a median-priced home would be: Principal & Interest $944, Property Tax $118, Homeowners Insurance $90. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.