The typical owner-occupied home in Dexter is worth about $120,500, 41% below the Kentucky median of $205,600 and 64% below the national median of $332,700. Owners pay a median $1,318 a year in property taxes, about 1.09% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $54,034 a year, so the median home costs 2.2 times the median income (3.2 times for Kentucky). 85% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Dexter at a glance
| Dexter | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $120,500 | $205,600 | $332,700 |
| Median property tax paid per year | $1,318 | $1,544 | $3,119 |
| Property tax as a share of value | 1.09% | 0.75% | 0.94% |
| Median household income | $54,034 | $63,726 | $80,734 |
| Homes lived in by their owners | 85% | 68% | 65% |
| Owner homes with a mortgage | 77% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,094 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 1991 | 1982 | 1980 |
| Vacant homes | 29.9% | 10.3% | 10.1% |
| Population | 123 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Dexter
At this week's average 30-year rate of 7.11%, buying the median Dexter home of $120,500 with 20% down costs about $808 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,009, 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 $34,635 for the 20%-down payment. That payment is 18% of the median Dexter household income of $54,034; at that income and 20% down, the 28% guideline points to a home of about $188,000.
| Down payment | $24,100 |
|---|---|
| Loan amount | $96,400 |
| Principal and interest | $648 |
| Property taxes (1.09% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $808 |
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| Down payment | $4,218 |
|---|---|
| Loan amount | $118,317 |
| Principal and interest | $796 |
| Property taxes (1.09% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,009 |
Change the numbers in the calculator
Questions about home buying in Dexter
What is the median home value in Dexter?
About $120,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dexter?
Homeowners pay a median $1,318 a year, which is about 1.09% 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 Dexter?
For the median home with 20% down at 7.11%, the payment is about $808 a month. Keeping that under 28% of gross income takes about $34,635 a year.
More about Dexter
- Mortgage Refinance in Dexter
- Debt Relief in Dexter
- Home Equity Loans in Dexter
- 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