Montgomery County, Kentucky home prices
Typical home $226,199 · +4.3% in a year · property tax 0.73%
The typical home in Montgomery County is worth $226,199, 2% less than the Kentucky typical home ($230,909). Values changed +4.3% in the past year and +34.0% over five years. Homeowners here pay a median 0.73% of their home's value in property tax each year ($1,662 on the typical home), versus 0.72% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,240 | $180,959 | $1,217 | $0 | $252 | $1,469 | $63,000 |
| 10% down | $22,620 | $203,579 | $1,369 | $85 | $252 | $1,706 | $73,100 |
| 5% down | $11,310 | $214,889 | $1,446 | $90 | $252 | $1,787 | $76,600 |
| 3.5% down (FHA) | $7,917 | $222,102 | $1,494 | $100 | $252 | $1,846 | $79,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% 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 · part of the Mount Sterling metro area.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Todd County | $225,991 | -2.6% | 0.55% |
| Larue County | $228,831 | -5.6% | 0.6% |
| Marion County | $230,024 | +1.4% | 0.69% |
| Daviess County | $219,193 | +4.0% | 0.84% |
| Pendleton County | $237,230 | +3.5% | 0.8% |
| Barren County | $213,505 | -1.8% | 0.68% |
| Taylor County | $212,471 | -0.2% | 0.69% |
| Boyle County | $240,277 | +0.8% | 0.82% |
| Mercer County | $241,303 | -0.5% | 0.83% |
| Allen County | $210,569 | -5.4% | 0.54% |
Frequently asked questions
What is the average home price in Montgomery County, KY?
The typical home value in Montgomery County is $226,199 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $63,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 0.73% of home value a year (Census ACS 2024 5-year estimates).