Louisville, KY variant. This is a Louisville, KY-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Louisville's $215,000 median home and 0.85% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Louisville
On the $215,000 median home with 20% down ($43,000), you'd finance $172,000. At 6.5% over 30 years, P&I ≈ $1,087/month.
Add Louisville's 0.85% property tax (≈ $152/month) plus insurance for the all-in payment.
About Louisville, KY
Louisville levies a local occupational (payroll) tax on wages earned within the city, in addition to Kentucky state taxes.
Louisville maintains relatively affordable housing compared with most large US cities.
Louisville's economy includes shipping and logistics, healthcare, and bourbon production, with a below-average cost of living.
Worked example: $215,000 Louisville home
Loan $172,000 at 6.5% for 30 years → $1,087/mo P&I. Property tax ≈ $152/mo. Total before insurance ≈ $1,239/mo.
Quick reference
- Median home value: $215,000
- Median rent: $1,300/mo
- Median household income: $60,427
- Local sales tax: 6%
- City income tax: 2.2%
- Effective property tax rate: 0.85%
- Cost of living index: 88 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Louisville?
About $1,087/month P&I on the $215,000 median home with 20% down at 6.5%.
What is the property tax rate in Louisville?
About 0.85% of home value per year.