Mortgage payment estimates, closing cost breakdowns, and homebuying data for Paducah, Kentucky.
Median Home Price
$145K
Population
27K
Avg Monthly Rent
$780
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 Paducah.
Paducah vs Kentucky Median
The median home price in Paducah is $145,000, which is 31% below the Kentucky state median of $210,000.
Mortgage Calculator — Paducah, KY
Pre-filled with Paducah median home price and Kentucky tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using Kentucky's 0.83% tax rate and $2,400/yr insurance.
5% Down
$1,251/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $100
Insurance: $200
PMI: $80
10% Down
$1,201/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $100
Insurance: $200
PMI: $76
20% Down (No PMI)
$1,033/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $100
Insurance: $200
Income needed (28% rule): $44K/year with 20% down, $51K/year with 10% down.
Rent vs Buy in Paducah
Rent
$780/mo
vs
Buy (10% down)
$1,201/mo
Price-to-rent ratio: 15.5 — A ratio between 15-20 means the rent vs buy decision in Paducah 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 Paducah is $145,000, 31% below the Kentucky state median of $210,000. With a population of 27,137, Paducah 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 $145,000 home in Paducah would carry roughly $100/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Paducah is $780/month. The price-to-rent ratio in Paducah is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Paducah 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 Paducah.