Safe Rate Local

Kentucky

Learn about the people, housing, costs and businesses across Kentucky

Median Home$216,149
Median Rent$1,005/month
Population4,534,824
Leading IndustriesInformation & Media · Retail · Finance & Insurance7% information & media
Home Value Growth⬆⬆+17.7% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners68% of occupied units
NotableAffordable Market$216k median home · lower cost than 89% of the country
Kentucky

Frequently Asked Questions

What are today's mortgage rates in Kentucky?

As of today, the 30-year fixed mortgage rate for Kentucky is approximately 6.946% (6.990% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Kentucky
What is the median home price in Kentucky?

The median home value in Kentucky is $216k. The median monthly rent is $1,005. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kentucky?

Home values in Kentucky have increased 17.7% over the past two years. This indicates a strong appreciation trend. 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 Kentucky?

Based on a typical all-in ownership cost of $997/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kentucky is $69k/year.

Calculate your buying power
What industries drive the economy in Kentucky?

The largest employment sectors in Kentucky are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.