The typical owner-occupied home in Kenton is worth about $225,000, 36% below the Delaware median of $352,000 and 32% below the national median of $332,700. Owners pay a median $1,140 a year in property taxes, about 0.51% of their home's value, close to the Delaware rate of 0.50%. The median household earns $44,665 a year, so the median home costs 5.0 times the median income (4.1 times for Delaware). 76% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Kenton at a glance
| Kenton | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $225,000 | $352,000 | $332,700 |
| Median property tax paid per year | $1,140 | $1,768 | $3,119 |
| Property tax as a share of value | 0.51% | 0.50% | 0.94% |
| Median household income | $44,665 | $84,954 | $80,734 |
| Homes lived in by their owners | 76% | 73% | 65% |
| Owner homes with a mortgage | 78% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,370 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 42.4% | 20.0% | 21.0% |
| Median rent | $1,452 | $1,401 | $1,413 |
| Rent as a share of renters' income | 24.2% | 29.9% | 30.6% |
| Median year homes were built | 2000 | 1987 | 1980 |
| Vacant homes | 12.8% | 13.4% | 10.1% |
| Population | 355 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Kenton
At this week's average 30-year rate of 7.11%, buying the median Kenton home of $225,000 with 20% down costs about $1,400 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,775, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $60,011 for the 20%-down payment. That payment is 38% of the median Kenton household income of $44,665; at that income and 20% down, the 28% guideline points to a home of about $167,000.
The median rent here is $1,452 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $45,000 |
|---|---|
| Loan amount | $180,000 |
| Principal and interest | $1,211 |
| Property taxes (0.51% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,400 |
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| Down payment | $7,875 |
|---|---|
| Loan amount | $220,925 |
| Principal and interest | $1,486 |
| Property taxes (0.51% a year) | $96 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,775 |
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Questions about home buying in Kenton
What is the median home value in Kenton?
About $225,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kenton?
Homeowners pay a median $1,140 a year, which is about 0.51% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Kenton?
For the median home with 20% down at 7.11%, the payment is about $1,400 a month. Keeping that under 28% of gross income takes about $60,011 a year.
More about Kenton
- Mortgage Refinance in Kenton
- Debt Relief in Kenton
- Home Equity Loans in Kenton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data