Watcharu Finance

Paducah, KY mortgage & affordability calculator

The typical home in Paducah, KY is worth about $170,000. With 20% down that's a loan near $136,000 — the calculator is pre-filled with that figure. Paducah sits at the confluence of the Ohio and Tennessee rivers near Land Between the Lakes, a UNESCO Creative City for its quilting and craft-arts scene. Home prices are among the most affordable in the state, well below Louisville and Lexington.

$883.00 / month

Total interest
$181,877
Total paid
$317,877
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$34k$68k$102k$136k0612182430Year

How much you need to earn

Paducah, KY's median household income is about $48,000 a year. Under standard 28/36 lending rules that supports a home price around $160,810 with 20% down — below the $170,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$160,759 max home price

Max loan amount
$126,759
Housing payment budget
$1,120
P&I budget
$823
Bound by
front-end ratio

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

Typical asking rent in Paducah, KY is about $900 a month, so owning the median home costs roughly $280 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Paducah, KY?
On the metro's roughly $170,000 typical home with 20% down, the loan is about $136,000. Principal and interest run near $883 a month at today's rate, and Paducah, KY's property tax plus insurance add about $297, for a full payment near $1,180.
Can I afford a home in Paducah, KY on the median income?
The median household income is about $48,000 a year. Under standard 28/36 lending rules that supports a home price around $160,810 with 20% down — below the $170,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Paducah, KY?
Typical asking rent is about $900 a month. The full owner payment on a median home is near $1,180, so owning costs roughly $280 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Paducah, KY?
The effective property tax rate in the core county is about 0.80% of market value — roughly $1,360 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Paducah, KY rising or falling?
Home values are up about 2% over the past year. Paducah sits at the confluence of the Ohio and Tennessee rivers near Land Between the Lakes, a UNESCO Creative City for its quilting and craft-arts scene. Home prices are among the most affordable in the state, well below Louisville and Lexington.

Nearby metros

← All Kentucky mortgage figures

← All metro calculators