Cost of Ownership · Kentucky
The true cost of owning a home in Kentucky
For a median $205,600 home in Kentucky, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,498/mo
PITI + PMI
True monthly cost
$1,670/mo
everything, incl. upkeep
The gap
+$171/mo
what approval leaves out
Effective property-tax rate
0.75%
Avg. homeowners premium
$1,359/yr
NFIP flood claims on record
27,849
Closing costs in Kentucky
Median closing costs and lender origination charges on real home-purchase loans in Kentucky, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$5,013
Typically $3,477–$7,946
Median origination charges
$1,978
Typically $1,052–$3,749
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,477 | $5,013 | $7,946 | 39,942 |
| All | $3,179 | $4,850 | $7,756 | 37,123 |
| < $250k | $3,244 | $4,553 | $6,916 | 21,581 |
| < $250k | $2,991 | $4,504 | $6,905 | 23,051 |
| $250k–$500k | $3,789 | $5,670 | $9,581 | 15,714 |
| $250k–$500k | $3,514 | $5,961 | $9,953 | 12,164 |
| $500k–$750k | $3,795 | $4,791 | $8,135 | 1,542 |
| $500k–$750k | $4,178 | $5,284 | $8,581 | 1,974 |
| > $750k | $5,137 | $6,432 | $9,151 | 673 |
| > $750k | $4,623 | $5,903 | $8,791 | 366 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Kentucky
- What are the median closing costs in Kentucky?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Kentucky are about $5,013, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Kentucky?
- The effective property-tax rate in Kentucky is about 0.75%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Kentucky?
- A median $205,600 home in Kentucky costs about $1,670 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,498. Every figure is from public data.
These figures use Kentucky's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Kentucky ranks on property tax and insurance, or browse every state.