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Benton

Learn about the people, housing, costs and businesses in Benton, Kentucky

Median Home$164,339
Median Rent$783/month
Population4,732
Leading IndustriesProfessional Services · Education5% professional services
Home Value Growth+7.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners82% of occupied units
NotableAffordable Market$164k median home · lower cost than 68% of the country
Benton
KY

Frequently Asked Questions

What are today's mortgage rates in Benton?

As of today, the 30-year fixed mortgage rate for Benton is approximately 7.054% (7.099% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Benton?

The median home value in Benton is $164k. The median monthly rent is $783. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Benton?

Home values in Benton have increased 7.8% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Benton?

Based on a typical all-in ownership cost of $818/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Benton is $74k/year.

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What industries drive the economy in Benton?

The largest employment sectors in Benton are public administration (16%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.