The typical owner-occupied home in Augusta is worth about $110,200, 46% below the Kentucky median of $205,600 and 67% below the national median of $332,700. Owners pay a median $1,469 a year in property taxes, about 1.33% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $51,250 a year, so the median home costs 2.2 times the median income (3.2 times for Kentucky). 57% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Augusta at a glance
| Augusta | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $110,200 | $205,600 | $332,700 |
| Median property tax paid per year | $1,469 | $1,544 | $3,119 |
| Property tax as a share of value | 1.33% | 0.75% | 0.94% |
| Median household income | $51,250 | $63,726 | $80,734 |
| Homes lived in by their owners | 57% | 68% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $974 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.8% | 21.0% |
| Median rent | $744 | $967 | $1,413 |
| Rent as a share of renters' income | 30.6% | 28.1% | 30.6% |
| Median year homes were built | 1942 | 1982 | 1980 |
| Vacant homes | 15.1% | 10.3% | 10.1% |
| Population | 1,510 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Augusta
At this week's average 30-year rate of 7.11%, buying the median Augusta home of $110,200 with 20% down costs about $761 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $945, 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 $32,619 for the 20%-down payment. That payment is 18% of the median Augusta household income of $51,250; at that income and 20% down, the 28% guideline points to a home of about $173,000.
The median rent here is $744 a month, so owning the median home costs about $17 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,040 |
|---|---|
| Loan amount | $88,160 |
| Principal and interest | $593 |
| Property taxes (1.33% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $761 |
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| Down payment | $3,857 |
|---|---|
| Loan amount | $108,204 |
| Principal and interest | $728 |
| Property taxes (1.33% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $945 |
Change the numbers in the calculator
Questions about home buying in Augusta
What is the median home value in Augusta?
About $110,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Augusta?
Homeowners pay a median $1,469 a year, which is about 1.33% 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 Augusta?
For the median home with 20% down at 7.11%, the payment is about $761 a month. Keeping that under 28% of gross income takes about $32,619 a year.
More about Augusta
- Mortgage Refinance in Augusta
- Debt Relief in Augusta
- Home Equity Loans in Augusta
- 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