The typical owner-occupied home in Ghent is worth about $98,300, 52% below the Kentucky median of $205,600 and 70% below the national median of $332,700. The median household earns $42,188 a year, so the median home costs 2.3 times the median income (3.2 times for Kentucky). 46% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Ghent at a glance
| Ghent | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $98,300 | $205,600 | $332,700 |
| Median property tax paid per year | – | $1,544 | $3,119 |
| Median household income | $42,188 | $63,726 | $80,734 |
| Homes lived in by their owners | 46% | 68% | 65% |
| Owner homes with a mortgage | 36% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,042 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 18.8% | 21.0% |
| Median rent | $1,034 | $967 | $1,413 |
| Rent as a share of renters' income | 26.3% | 28.1% | 30.6% |
| Median year homes were built | 1957 | 1982 | 1980 |
| Vacant homes | 19.6% | 10.3% | 10.1% |
| Population | 286 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Ghent
At this week's average 30-year rate of 7.11%, buying the median Ghent home of $98,300 with 20% down costs about $660 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $824, 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 $28,290 for the 20%-down payment. That payment is 19% of the median Ghent household income of $42,188; at that income and 20% down, the 28% guideline points to a home of about $147,000.
The median rent here is $1,034 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,660 |
|---|---|
| Loan amount | $78,640 |
| Principal and interest | $529 |
| Property taxes (1.10% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $660 |
Change the numbers in the calculator
| Down payment | $3,440 |
|---|---|
| Loan amount | $96,520 |
| Principal and interest | $649 |
| Property taxes (1.10% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $824 |
Change the numbers in the calculator
Questions about home buying in Ghent
What is the median home value in Ghent?
About $98,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ghent?
For the median home with 20% down at 7.11%, the payment is about $660 a month. Keeping that under 28% of gross income takes about $28,290 a year.
More about Ghent
- Mortgage Refinance in Ghent
- Debt Relief in Ghent
- Home Equity Loans in Ghent
- 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