US mortgage calculator (all states)
Kentucky offers affordable housing with a statewide median near $225,000 in 2026. Property taxes are moderate: an effective rate around 0.86% implies about $1,940 per year on a typical home. Louisville and Lexington drive regional demand; northern Kentucky ties to the Cincinnati metro. KHC provides down payment assistance and competitive rates for qualified first-time buyers.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Kentucky (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — local rates and exemptions vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$1,437
| Location | Median price | Notes |
|---|---|---|
| Kentucky (state) | ~$225,000 | Illustrative median |
| Louisville metro | ~$250,000–$320,000 | Largest market |
| Lexington | ~$280,000+ | Horse country / UK |
| Northern Kentucky | ~$260,000–$350,000 | Cincinnati spillover |
| Rural / eastern KY | Lower entry | Varies by local economy |
| Cost | Rate/amount | Notes |
|---|---|---|
| Property tax rate | ~0.86% effective | Below US average |
| Annual tax ($225k home) | ~$1,940 | ~$162/month |
| Conforming loan limit | $832,750 | Standard federal limit |
| Homestead exemption | Varies | Check county rules |
| Home insurance | ~$1,000–$1,500/year | Flood zones near rivers |
KHC offers Regular Down Payment Assistance (DAP) as a second mortgage for eligible buyers, plus programs for teachers, veterans, and rural properties. USDA loans cover many non-urban tracts with zero down. FHA remains popular for smaller down payments in cities.
Kentucky’s median home value is approximately $225,000 in 2026. Louisville and Lexington metros average higher — often $260,000–$320,000 for typical single-family homes — while eastern and western rural counties offer some of the lowest prices in the region.
Kentucky’s effective property tax rate is about 0.86% of home value — slightly below the national average. On a $225,000 home, annual property taxes are roughly $1,940 (~$162/month in escrow). Local rates and homestead exemptions vary by county.
Kentucky Housing Corporation (KHC) offers conventional, FHA, VA, and USDA loans with down payment and closing cost assistance for eligible buyers. Income and purchase limits apply; loans are available through approved lenders statewide.
Kentucky home prices are generally lower than many Ohio metros and competitive with Tennessee outside Nashville. Tennessee has no broad state wage income tax, but property tax and insurance differ — model your exact address in this calculator with a lender tax quote.
Educational estimates only. Not a mortgage offer or tax advice.