Mortgage on a $100K house in Kentucky
$648 a month with 20% down — $538 principal and interest plus $60 property tax and $50 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $60 a month on a $100K home. The typical home in Kentucky is worth $230,909, so $100K is 57% below the typical price.
$100K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $110 | $648 | $27,800 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $110 | $753 | $32,300 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $110 | $788 | $33,800 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $110 | $814 | $34,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.72% 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.
Where in Kentucky does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Perry County | $100,008 | 0.7% | $647 |
| Bell County | $99,031 | 0.81% | $656 |
| Martin County | $101,271 | 0.82% | $657 |
| McCreary County | $97,501 | 0.65% | $642 |
| Pike County | $96,689 | 0.69% | $646 |
| Clay County | $107,909 | 0.7% | $646 |
| Estill County | $111,861 | 0.67% | $644 |
| Lewis County | $112,742 | 0.64% | $642 |
| Floyd County | $87,003 | 0.76% | $651 |
| Fulton County | $86,561 | 0.8% | $655 |
10 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $100K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $100K house in Kentucky?
About $648 a month with 20% down at 7.11%: $538 principal and interest, $60 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Kentucky?
About $27,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $717 a year. Rates vary by county and city — see the county pages.