Madisonville, KY home prices
Typical home $142,883 · -9.0% in a year · income needed $40,000
The Madisonville, KY metro area ranks 828 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -9.0% in a year and +15.9% over five years. With 20% down at 7.11%, the typical home costs about $932 a month including 0.77% property tax (Hopkins County rate).
Mortgage on the typical Madisonville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,577 | $114,306 | $769 | $0 | $163 | $932 | $40,000 |
| 10% down | $14,288 | $128,595 | $865 | $54 | $163 | $1,082 | $46,400 |
| 5% down | $7,144 | $135,739 | $913 | $57 | $163 | $1,133 | $48,600 |
| 3.5% down (FHA) | $5,001 | $140,295 | $944 | $63 | $163 | $1,170 | $50,200 |
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.
Counties in the Madisonville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hopkins County, KY | $142,899 | -9.0% | 0.77% |
What can you afford in Kentucky on your salary? · Kentucky home prices · Salaries in Kentucky
Frequently asked questions
How much is a house in Madisonville?
The typical home in the Madisonville, KY metro area is worth $142,883 (Zillow, September 2026).
What salary do you need to buy a house in Madisonville?
About $40,000 a year for the typical home with 20% down at 7.11%.