Monroe County, Kentucky home prices
Typical home $147,639 · +5.2% in a year · property tax 0.77%
The typical home in Monroe County is worth $147,639, 36% less than the Kentucky typical home ($230,909). Values changed +5.2% in the past year and +43.3% over five years. Homeowners here pay a median 0.77% of their home's value in property tax each year ($1,135 on the typical home), versus 0.72% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $29,528 | $118,111 | $795 | $0 | $168 | $963 | $41,300 |
| 10% down | $14,764 | $132,875 | $894 | $55 | $168 | $1,118 | $47,900 |
| 5% down | $7,382 | $140,257 | $944 | $58 | $168 | $1,170 | $50,200 |
| 3.5% down (FHA) | $5,167 | $144,965 | $975 | $65 | $168 | $1,209 | $51,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.77% 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 |
|---|---|---|---|
| Elliott County | $148,498 | -4.8% | 0.61% |
| Clinton County | $146,215 | -10.3% | 0.52% |
| Powell County | $145,749 | -8.1% | 0.62% |
| Lawrence County | $145,613 | -1.2% | 0.71% |
| Carlisle County | $145,507 | +0.2% | 0.78% |
| Caldwell County | $149,902 | -6.6% | 0.54% |
| Ohio County | $144,841 | -5.7% | 0.62% |
| Union County | $142,962 | +2.2% | 0.89% |
| Hopkins County | $142,899 | -9.0% | 0.77% |
| Cumberland County | $152,713 | -6.0% | 0.54% |
Frequently asked questions
What is the average home price in Monroe County, KY?
The typical home value in Monroe County is $147,639 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $41,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 0.77% of home value a year (Census ACS 2024 5-year estimates).