Real Kentucky home prices, property taxes, and mortgage rates — updated for 2026.
Kentucky is a friendly Southern state with very affordable homes. With a median home price of $225,000 and mortgage rates around 7.1% in 2026, a buyer putting 20% down pays approximately $1,474/month including principal, interest, property taxes, and homeowners insurance.
Kentucky has an effective property tax rate of 0.83% — about $1,868/year or $156/month on the median home. Kentucky property taxes are near the national average of 1.1%.
💡 Kentucky assesses property at 100% of fair cash value — but rates stay low.
Using the 28% housing cost guideline, you need at least $63,155/year gross household income to comfortably afford the median Kentucky home.
A 20% down payment is $45,000. FHA loans allow 3.5% down ($7,875), conventional loans start at 3% ($6,750), and VA loans offer 0% down for eligible veterans. Putting less than 20% down adds PMI (~0.5%/year), removed at 20% equity.
On a 30-year loan at 7.1% you would pay $255,477 in total interest. A 15-year mortgage or extra principal payments can cut this significantly.
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We update our calculators regularly to reflect current rates, tax brackets, and financial regulations. The formulas and default values are reviewed quarterly. For the most current rates, always verify with your specific lender or institution.