The typical owner-occupied home in Carrollton is worth about $113,200, 45% below the Kentucky median of $205,600 and 66% below the national median of $332,700. Owners pay a median $1,033 a year in property taxes, about 0.91% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $45,871 a year, so the median home costs 2.5 times the median income (3.2 times for Kentucky). 37% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Carrollton at a glance
| Carrollton | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $113,200 | $205,600 | $332,700 |
| Median property tax paid per year | $1,033 | $1,544 | $3,119 |
| Property tax as a share of value | 0.91% | 0.75% | 0.94% |
| Median household income | $45,871 | $63,726 | $80,734 |
| Homes lived in by their owners | 37% | 68% | 65% |
| Owner homes with a mortgage | 45% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,048 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 18.8% | 21.0% |
| Median rent | $918 | $967 | $1,413 |
| Rent as a share of renters' income | 18.3% | 28.1% | 30.6% |
| Median year homes were built | 1968 | 1982 | 1980 |
| Vacant homes | 9.7% | 10.3% | 10.1% |
| Population | 3,915 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Carrollton
At this week's average 30-year rate of 7.11%, buying the median Carrollton home of $113,200 with 20% down costs about $742 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $931, 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 $31,809 for the 20%-down payment. That payment is 19% of the median Carrollton household income of $45,871; at that income and 20% down, the 28% guideline points to a home of about $163,000.
The median rent here is $918 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,640 |
|---|---|
| Loan amount | $90,560 |
| Principal and interest | $609 |
| Property taxes (0.91% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $742 |
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| Down payment | $3,962 |
|---|---|
| Loan amount | $111,150 |
| Principal and interest | $748 |
| Property taxes (0.91% a year) | $86 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $931 |
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Questions about home buying in Carrollton
What is the median home value in Carrollton?
About $113,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carrollton?
Homeowners pay a median $1,033 a year, which is about 0.91% 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 Carrollton?
For the median home with 20% down at 7.11%, the payment is about $742 a month. Keeping that under 28% of gross income takes about $31,809 a year.
More about Carrollton
- Mortgage Refinance in Carrollton
- Debt Relief in Carrollton
- Home Equity Loans in Carrollton
- 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