Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Kentucky homebuyers.
Pre-filled with Kentucky medians. Adjust for your property.
Estimated closing costs based on Kentucky tax rates and fees.
The median home price in Kentucky is $210,000, with property taxes averaging 0.83% annually. Kentucky's property tax rate is roughly in line with the national average.
Closing costs in Kentucky average $3K (1.4%% of purchase price). The state charges a 0.1% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $2,400 per year. This is within the normal range nationally.
Kentucky offers the KHC Regular DAP for first-time buyers: Up to $6,000 repayable loan. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Kentucky offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.