Mortgage on a $200K house in Kentucky
$1,296 a month with 20% down — $1,076 principal and interest plus $119 property tax and $100 insurance.
Kentucky's typical property tax is 0.72% of the home's value a year (U.S. average 0.9%), which adds $119 a month on a $200K home. The typical home in Kentucky is worth $230,909, so $200K is 13% below the typical price.
$200K home in Kentucky: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $219 | $1,296 | $55,500 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $219 | $1,505 | $64,500 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $219 | $1,577 | $67,600 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $219 | $1,629 | $69,800 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Marshall County | $199,749 | 0.72% | $1,296 |
| Nicholas County | $199,680 | 0.59% | $1,275 |
| Logan County | $199,531 | 0.61% | $1,278 |
| Bracken County | $198,166 | 0.92% | $1,330 |
| Lincoln County | $198,151 | 0.72% | $1,297 |
| Christian County | $201,897 | 0.65% | $1,284 |
| Henderson County | $202,313 | 0.9% | $1,326 |
| Robertson County | $202,585 | 0.54% | $1,266 |
| Hancock County | $204,748 | 0.66% | $1,286 |
| McCracken County | $194,592 | 0.75% | $1,301 |
| Gallatin County | $208,363 | 0.83% | $1,314 |
| Edmonson County | $191,239 | 0.55% | $1,268 |
76 of 120 Kentucky counties tracked by Zillow have a typical home value at or below $200K. See all Kentucky home prices.
Other prices in Kentucky
Frequently asked questions
What is the mortgage on a $200K house in Kentucky?
About $1,296 a month with 20% down at 7.11%: $1,076 principal and interest, $119 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Kentucky?
About $55,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Kentucky?
At Kentucky's typical effective rate of 0.72%, about $1,433 a year. Rates vary by county and city — see the county pages.