Kentucky Homeowners Insurance Calculator 2026 — Annual Cost
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
Homeowners insurance in Kentucky averages $1,800/year or $150/month for a $205K home. This is below the US national average of $1,900/year. Rates vary by location, coverage level, and home age.
Kentucky Housing & Mortgage Data
| Median Home Price | $205,000 |
| 30-Year Fixed Rate | 6.85%(State average, Apr 2026) |
| Property Tax Rate | 0.80%(Effective rate) |
| Avg HO Insurance | $1,800/yr ($150/mo) |
| Typical Down Payment | 10% ($20,500) |
| Median Household Income | $54,000/yr |
Key Facts for Kentucky
- ✓Kentucky median home price is $205,000 as of 2026
- ✓30-year fixed mortgage rates in Kentucky average 6.85%
- ✓Property taxes in Kentucky are 0.80% — near the national average of 1.10%
- ✓Homeowners insurance averages $1,800/year in Kentucky
- ✓A household earning $51,250/year can typically afford the median Kentucky home
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Frequently Asked Questions — Homeowners Insurance Calculator in Kentucky
- What does homeowners insurance cover in Kentucky?
- Standard homeowners insurance in Kentucky covers your dwelling (structure), personal property, liability, and additional living expenses if you must temporarily relocate. Kentucky's average premium of $1,800/year is near the national average.
- Is homeowners insurance required in Kentucky?
- Homeowners insurance is not legally required in Kentucky, but virtually all mortgage lenders require it as a condition of the loan. Without a mortgage, you can self-insure, but this is rarely advisable given the cost of rebuilding a home. Flood insurance is separate and required in FEMA-designated flood zones.
- What is the average mortgage payment in Kentucky?
- The average monthly mortgage payment (principal + interest) in Kentucky is approximately $1,209 for a $184,500 loan at 6.85% over 30 years. Adding property tax ($137/mo) and homeowners insurance ($150/mo) brings total PITI to about $1,496/month.
- What credit score do I need for a mortgage in Kentucky?
- Most Kentucky lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Kentucky, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $27,675 over the life of a 30-year loan.
- How much down payment is required to buy a home in Kentucky?
- You can buy a home in Kentucky with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Kentucky median home price of $205,000, a 20% down payment is $41,000 and lets you avoid PMI. Kentucky also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Kentucky?
- Current 30-year fixed mortgage rates in Kentucky average 6.85% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Kentucky mortgage rate.
- What is the property tax rate in Kentucky?
- Kentucky's effective property tax rate is 0.80%. On the Kentucky median home value of $205,000, annual property taxes are approximately $1,640 ($137/month). Property taxes in Kentucky are typically escrowed in your monthly mortgage payment.