The typical owner-occupied home in Perryville is worth about $144,800, 30% below the Kentucky median of $205,600 and 56% below the national median of $332,700. Owners pay a median $967 a year in property taxes, about 0.67% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $62,552 a year, so the median home costs 2.3 times the median income (3.2 times for Kentucky). 83% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Perryville at a glance
| Perryville | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $144,800 | $205,600 | $332,700 |
| Median property tax paid per year | $967 | $1,544 | $3,119 |
| Property tax as a share of value | 0.67% | 0.75% | 0.94% |
| Median household income | $62,552 | $63,726 | $80,734 |
| Homes lived in by their owners | 83% | 68% | 65% |
| Owner homes with a mortgage | 31% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,289 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.8% | 21.0% |
| Median rent | $464 | $967 | $1,413 |
| Rent as a share of renters' income | 22.8% | 28.1% | 30.6% |
| Median year homes were built | 1938 | 1982 | 1980 |
| Vacant homes | 10.1% | 10.3% | 10.1% |
| Population | 970 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Perryville
At this week's average 30-year rate of 7.11%, buying the median Perryville home of $144,800 with 20% down costs about $920 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,162, 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 $39,447 for the 20%-down payment. That payment is 18% of the median Perryville household income of $62,552; at that income and 20% down, the 28% guideline points to a home of about $230,000.
The median rent here is $464 a month, so owning the median home costs about $456 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,960 |
|---|---|
| Loan amount | $115,840 |
| Principal and interest | $779 |
| Property taxes (0.67% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $920 |
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| Down payment | $5,068 |
|---|---|
| Loan amount | $142,177 |
| Principal and interest | $956 |
| Property taxes (0.67% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,162 |
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Questions about home buying in Perryville
What is the median home value in Perryville?
About $144,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Perryville?
Homeowners pay a median $967 a year, which is about 0.67% 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 Perryville?
For the median home with 20% down at 7.11%, the payment is about $920 a month. Keeping that under 28% of gross income takes about $39,447 a year.
More about Perryville
- Mortgage Refinance in Perryville
- Debt Relief in Perryville
- Home Equity Loans in Perryville
- 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