Mortgage payment estimates, closing cost breakdowns, and homebuying data for Louisville, Kentucky.
Pre-filled with Louisville median home price and Kentucky tax/insurance rates. Adjust for your property.
Estimated closing costs based on Kentucky rates and fees applied to Louisville prices.
The median home price in Louisville is $245,000, 17% above the Kentucky state median of $210,000. With a population of 633,045, Louisville is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $245,000 home in Louisville would carry roughly $169/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Louisville is $1,150/month. The price-to-rent ratio in Louisville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Louisville 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.