Spencer County, Kentucky home prices
Typical home $376,164 · +4.7% in a year · property tax 0.66%
The typical home in Spencer County is worth $376,164, 63% more than the Kentucky typical home ($230,909). Values changed +4.7% in the past year and +27.3% over five years. Homeowners here pay a median 0.66% of their home's value in property tax each year ($2,494 on the typical home), versus 0.72% statewide.
Mortgage on the typical Spencer County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $75,233 | $300,931 | $2,024 | $0 | $396 | $2,420 | $103,700 |
| 10% down | $37,616 | $338,548 | $2,277 | $141 | $396 | $2,814 | $120,600 |
| 5% down | $18,808 | $357,356 | $2,404 | $149 | $396 | $2,949 | $126,400 |
| 3.5% down (FHA) | $13,166 | $369,351 | $2,485 | $166 | $396 | $3,047 | $130,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.66% 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 |
|---|---|---|---|
| Woodford County | $358,536 | -0.2% | 0.7% |
| Boone County | $350,034 | +2.7% | 0.86% |
| Scott County | $342,459 | +3.8% | 0.66% |
| Fayette County | $330,784 | +3.4% | 0.87% |
| Shelby County | $328,888 | -0.5% | 0.77% |
| Jessamine County | $328,403 | +2.5% | 0.73% |
| Oldham County | $452,219 | +1.9% | 0.9% |
| Bullitt County | $294,862 | -0.1% | 0.83% |
| Campbell County | $293,229 | +2.9% | 1.01% |
| Kenton County | $286,827 | +2.1% | 0.98% |
Frequently asked questions
What is the average home price in Spencer County, KY?
The typical home value in Spencer County is $376,164 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Spencer County?
About $103,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Spencer County?
The median effective rate is 0.66% of home value a year (Census ACS 2024 5-year estimates).