Mortgage Calculator & Closing Costs: Hopkinsville, KY
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hopkinsville, Kentucky.
Median Home Price
$155K
Population
30K
Avg Monthly Rent
$820
Property Tax Rate
0.83% *
* Property tax shown is the Kentucky state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Hopkinsville.
Hopkinsville vs Kentucky Median
The median home price in Hopkinsville is $155,000, which is 26% below the Kentucky state median of $210,000.
Mortgage Calculator — Hopkinsville, KY
Pre-filled with Hopkinsville median home price and Kentucky tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Kentucky's 0.83% tax rate and $2,400/yr insurance.
5% Down
$1,324/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $107
Insurance: $200
PMI: $86
10% Down
$1,270/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $107
Insurance: $200
PMI: $81
20% Down (No PMI)
$1,091/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $107
Insurance: $200
Income needed (28% rule): $47K/year with 20% down, $54K/year with 10% down.
Rent vs Buy in Hopkinsville
Rent
$820/mo
vs
Buy (10% down)
$1,270/mo
Price-to-rent ratio: 15.8 — A ratio between 15-20 means the rent vs buy decision in Hopkinsville depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Hopkinsville is $155,000, 26% below the Kentucky state median of $210,000. With a population of 30,089, Hopkinsville is a smaller market where home prices tend to be more accessible than in many parts of Kentucky.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $155,000 home in Hopkinsville would carry roughly $107/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Hopkinsville is $820/month. The price-to-rent ratio in Hopkinsville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hopkinsville offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kentucky's KHC Regular DAP program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Hopkinsville.