Calculate Your Kentucky Mortgage Payment
Our calculator is pre-filled with Kentucky's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with KY DefaultsMonthly Payment Breakdown for Kentucky
Here's what your monthly payment looks like on the median Kentucky home ($228,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($45,600), no PMI. With less than 20% down, add $76-$152/month for PMI.
Kentucky Property Taxes
Kentucky's effective property tax rate is 0.78%, which is below the national average of 0.89%.
Annual Property Tax on $228,000 Home
$1,778
($148/month escrowed)
Buying a Home in Kentucky: Key Facts
- Property tax rate of 0.78% is below national average
- Very affordable median home price of $228,000
- Louisville and Lexington metros drive majority of sales
- KHC forgivable loans require no repayment if you stay 10 years
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Kentucky First-Time Homebuyer Programs
Kentucky has 42 homebuyer assistance programs that can help with down payment and closing costs.
KHC Regular Down Payment Assistance
Up to $10,000 as forgivable second mortgage
Forgivable LoanKHC Affordable DPA
Up to $10,000 at 1% interest for lower-income buyers
Low-Interest LoanMortgage Credit Certificate
Up to 25% of mortgage interest as annual tax credit
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Kentucky
Home prices and property taxes can vary significantly by city. The median home price of $228,000 is a statewide average.
Kentucky Mortgage FAQ
What is the property tax rate in Kentucky?
The average effective property tax rate in Kentucky is 0.78%. On a $228,000 home, that's approximately $1,778 per year or $148 per month added to your mortgage payment.
What is the median home price in Kentucky?
The median home price in Kentucky is $228,000 as of January 2026. Prices vary by location - Louisville and Lexington typically have higher prices than rural areas.
Are there first-time homebuyer programs in Kentucky?
Yes, Kentucky has 42 homebuyer assistance programs. Popular options include KHC Regular Down Payment Assistance, which offers up to $10,000 as forgivable second mortgage.
How much do I need to buy a house in Kentucky?
For the median Kentucky home ($228,000), you'd need $45,600 for a 20% down payment, plus $6,840-$11,400 for closing costs. With down payment assistance, you could potentially buy with as little as $7,980 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Kentucky property taxes pre-filled.
Calculate Your KY Mortgage Payment