Letcher County, Kentucky home prices
Typical home $58,973 · -16.5% in a year · property tax 0.96%
The typical home in Letcher County is worth $58,973, 74% less than the Kentucky typical home ($230,909). Values changed -16.5% in the past year and -29.0% over five years. Homeowners here pay a median 0.96% of their home's value in property tax each year ($567 on the typical home), versus 0.72% statewide.
Mortgage on the typical Letcher County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $11,795 | $47,179 | $317 | $0 | $77 | $394 | $16,900 |
| 10% down | $5,897 | $53,076 | $357 | $22 | $77 | $456 | $19,500 |
| 5% down | $2,949 | $56,025 | $377 | $23 | $77 | $477 | $20,400 |
| 3.5% down (FHA) | $2,064 | $57,905 | $390 | $26 | $77 | $492 | $21,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.96% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kentucky.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Knott County | $61,734 | -19.0% | 0.74% |
| Breathitt County | $70,861 | -20.4% | 0.73% |
| Harlan County | $76,340 | -7.0% | 0.99% |
| Leslie County | $76,825 | -13.7% | 0.82% |
| Fulton County | $86,561 | -6.8% | 0.8% |
| Floyd County | $87,003 | -16.9% | 0.76% |
| Pike County | $96,689 | -8.6% | 0.69% |
| McCreary County | $97,501 | -10.5% | 0.65% |
| Bell County | $99,031 | -13.0% | 0.81% |
| Perry County | $100,008 | -5.4% | 0.7% |
Frequently asked questions
What is the average home price in Letcher County, KY?
The typical home value in Letcher County is $58,973 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Letcher County?
About $16,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Letcher County?
The median effective rate is 0.96% of home value a year (Census ACS 2024 5-year estimates).