The typical owner-occupied home in Millersburg is worth about $97,300, 53% below the Kentucky median of $205,600 and 71% below the national median of $332,700. Owners pay a median $927 a year in property taxes, about 0.95% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $41,685 a year, so the median home costs 2.3 times the median income (3.2 times for Kentucky). 44% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Millersburg at a glance
| Millersburg | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $97,300 | $205,600 | $332,700 |
| Median property tax paid per year | $927 | $1,544 | $3,119 |
| Property tax as a share of value | 0.95% | 0.75% | 0.94% |
| Median household income | $41,685 | $63,726 | $80,734 |
| Homes lived in by their owners | 44% | 68% | 65% |
| Owner homes with a mortgage | 54% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,034 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 18.8% | 21.0% |
| Median rent | $675 | $967 | $1,413 |
| Rent as a share of renters' income | 28.9% | 28.1% | 30.6% |
| Median year homes were built | 1958 | 1982 | 1980 |
| Vacant homes | 9.7% | 10.3% | 10.1% |
| Population | 819 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Millersburg
At this week's average 30-year rate of 7.11%, buying the median Millersburg home of $97,300 with 20% down costs about $641 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $803, 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 $27,480 for the 20%-down payment. That payment is 18% of the median Millersburg household income of $41,685; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $675 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,460 |
|---|---|
| Loan amount | $77,840 |
| Principal and interest | $524 |
| Property taxes (0.95% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $641 |
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| Down payment | $3,406 |
|---|---|
| Loan amount | $95,538 |
| Principal and interest | $643 |
| Property taxes (0.95% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $803 |
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Questions about home buying in Millersburg
What is the median home value in Millersburg?
About $97,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Millersburg?
Homeowners pay a median $927 a year, which is about 0.95% 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 Millersburg?
For the median home with 20% down at 7.11%, the payment is about $641 a month. Keeping that under 28% of gross income takes about $27,480 a year.
More about Millersburg
- Mortgage Refinance in Millersburg
- Debt Relief in Millersburg
- Home Equity Loans in Millersburg
- 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