🏦 Mortgage Calculators Kentucky

How Much House Can I Afford in Kentucky?

Find out how much house you can afford in Kentucky with 0.86% property tax. Uses 28/36 rule with Kentucky-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Kentucky Quick Facts

4.0% Income Tax Rate

0.86% Property Tax Rate

$55,573 Median Income

90.3 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Kentucky using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Kentucky's effective property tax rate of 0.86% and average home insurance of $2,400/year. Median home price in Kentucky: $195,000.

Key State Information

Kentucky housing market: Median home price $195,000 | Property tax rate 0.86% | Avg home insurance $2,400/yr | Median household income $55,573. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Kentucky?

With Kentucky's median household income of $55,573 and a 10% down payment, you can typically afford a home priced around $194,506-$250,079 depending on debts and interest rates. The median home in Kentucky costs $195,000.

What is the property tax rate in Kentucky?

Kentucky's effective property tax rate is 0.86%. On a $195,000 home, that's approximately $1,677/year or $140/month.