The typical owner-occupied home in Mount Washington is worth about $268,200, 30% above the Kentucky median of $205,600 and 19% below the national median of $332,700. Owners pay a median $2,361 a year in property taxes, about 0.88% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $96,239 a year, so the median home costs 2.8 times the median income (3.2 times for Kentucky). 86% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Mount Washington at a glance
| Mount Washington | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $268,200 | $205,600 | $332,700 |
| Median property tax paid per year | $2,361 | $1,544 | $3,119 |
| Property tax as a share of value | 0.88% | 0.75% | 0.94% |
| Median household income | $96,239 | $63,726 | $80,734 |
| Homes lived in by their owners | 86% | 68% | 65% |
| Owner homes with a mortgage | 77% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,650 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 18.8% | 21.0% |
| Median rent | $1,008 | $967 | $1,413 |
| Rent as a share of renters' income | 22.9% | 28.1% | 30.6% |
| Median year homes were built | 2002 | 1982 | 1980 |
| Vacant homes | 3.1% | 10.3% | 10.1% |
| Population | 18,480 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Mount Washington
At this week's average 30-year rate of 7.11%, buying the median Mount Washington home of $268,200 with 20% down costs about $1,752 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,199, 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 $75,077 for the 20%-down payment. That payment is 22% of the median Mount Washington household income of $96,239; at that income and 20% down, the 28% guideline points to a home of about $344,000.
The median rent here is $1,008 a month, so owning the median home costs about $744 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,640 |
|---|---|
| Loan amount | $214,560 |
| Principal and interest | $1,443 |
| Property taxes (0.88% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,752 |
Change the numbers in the calculator
| Down payment | $9,387 |
|---|---|
| Loan amount | $263,342 |
| Principal and interest | $1,772 |
| Property taxes (0.88% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,199 |
Change the numbers in the calculator
Questions about home buying in Mount Washington
What is the median home value in Mount Washington?
About $268,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Washington?
Homeowners pay a median $2,361 a year, which is about 0.88% 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 Mount Washington?
For the median home with 20% down at 7.11%, the payment is about $1,752 a month. Keeping that under 28% of gross income takes about $75,077 a year.
More about Mount Washington
- Mortgage Refinance in Mount Washington
- Debt Relief in Mount Washington
- Home Equity Loans in Mount Washington
- 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