Calculate your monthly mortgage payment in Kentucky. Pre-filled with Kentucky's typical home value of $232,600 (Zillow Home Value Index, August 2026) and an effective property tax rate of 0.71% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$1,477
Principal & Interest
$1,242
Property Tax / mo
$138
Total Interest Paid
$260,949
| Home Price | $232,600 | Typical home value in Kentucky — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($46,520) | Assumption — no sourced state average |
| Loan Amount | $186,080 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Kentucky rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 0.71% / year | Kentucky effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Kentucky: KHC Regular Loan, KHC Affordable DPA. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Kentucky housing finance agency before you rely on it.
Cost of living: Moderate (index 94.0, MERIC (C2ER index), Second Quarter 2026) · Population: 4,606,864 (Census Bureau estimate, July 1, 2025)
Kentucky has a typical home value of about $232,600 (Zillow Home Value Index, August 2026), below the U.S. typical value of $368,700. With an assumed 20% down payment of $46,520, a buyer would finance $186,080 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $1,242.
The effective property tax rate in Kentucky — median real estate taxes paid divided by median home value — is 0.71% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $97 a month for homeowners insurance, the estimated all-in monthly housing cost is about $1,477.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $63,289 to qualify comfortably. The median household income in Kentucky is $64,526 (Census ACS 2024 1-year).
