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Louisville, KY mortgage & affordability calculator

The typical home in Louisville, KY is worth about $260,000. With 20% down that's a loan near $208,000 — the calculator is pre-filled with that figure. A stable, affordable market with prices that have risen gently rather than spiked. Moderate property taxes and prices near the national-low end keep a median home within reach of a median income.

$1,350.47 / month

Total interest
$278,165
Total paid
$486,165
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$52k$104k$156k$208k0612182430Year

How much you need to earn

Louisville, KY's median household income is about $63,000 a year. Under standard 28/36 lending rules that supports a home price around $223,091 with 20% down — below the $260,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$223,117 max home price

Max loan amount
$171,117
Housing payment budget
$1,470
P&I budget
$1,111
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Louisville, KY is about $1,200 a month, so owning the median home costs roughly $510 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Louisville, KY?
On the metro's roughly $260,000 typical home with 20% down, the loan is about $208,000. Principal and interest run near $1,350 a month at today's rate, and Louisville, KY's property tax plus insurance add about $359, for a full payment near $1,710.
Can I afford a home in Louisville, KY on the median income?
The median household income is about $63,000 a year. Under standard 28/36 lending rules that supports a home price around $223,091 with 20% down — below the $260,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Louisville, KY?
Typical asking rent is about $1,200 a month. The full owner payment on a median home is near $1,710, so owning costs roughly $510 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Louisville, KY?
The effective property tax rate in the core county is about 0.85% of market value — roughly $2,210 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Louisville, KY rising or falling?
Home values are up about 4% over the past year. A stable, affordable market with prices that have risen gently rather than spiked. Moderate property taxes and prices near the national-low end keep a median home within reach of a median income.

Nearby metros

← All Kentucky mortgage figures

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