Mortgage payment estimates, closing cost breakdowns, and homebuying data for Owensboro, Kentucky.
Pre-filled with Owensboro median home price and Kentucky tax/insurance rates. Adjust for your property.
Estimated closing costs based on Kentucky rates and fees applied to Owensboro prices.
The median home price in Owensboro is $185,000, 12% below the Kentucky state median of $210,000. With a population of 60,183, Owensboro 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 $185,000 home in Owensboro would carry roughly $128/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Owensboro is $880/month. The price-to-rent ratio in Owensboro is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Owensboro 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.