The typical owner-occupied home in Crayne is worth about $209,500, about the same as the Kentucky median of $205,600 and 37% below the national median of $332,700. The median household earns $133,125 a year, so the median home costs 1.6 times the median income (3.2 times for Kentucky). 87% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Crayne at a glance
| Crayne | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $209,500 | $205,600 | $332,700 |
| Median property tax paid per year | – | $1,544 | $3,119 |
| Median household income | $133,125 | $63,726 | $80,734 |
| Homes lived in by their owners | 87% | 68% | 65% |
| Owner homes with a mortgage | 76% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,433 | $1,963 |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 1991 | 1982 | 1980 |
| Vacant homes | 0.0% | 10.3% | 10.1% |
| Population | 71 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Crayne
At this week's average 30-year rate of 7.11%, buying the median Crayne home of $209,500 with 20% down costs about $1,407 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,756, 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 $60,291 for the 20%-down payment. That payment is 13% of the median Crayne household income of $133,125; at that income and 20% down, the 28% guideline points to a home of about $463,000.
| Down payment | $41,900 |
|---|---|
| Loan amount | $167,600 |
| Principal and interest | $1,127 |
| Property taxes (1.10% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,407 |
Change the numbers in the calculator
| Down payment | $7,332 |
|---|---|
| Loan amount | $205,705 |
| Principal and interest | $1,384 |
| Property taxes (1.10% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $93 |
| Total per month | $1,756 |
Change the numbers in the calculator
Questions about home buying in Crayne
What is the median home value in Crayne?
About $209,500 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 Crayne?
For the median home with 20% down at 7.11%, the payment is about $1,407 a month. Keeping that under 28% of gross income takes about $60,291 a year.
More about Crayne
- Mortgage Refinance in Crayne
- Debt Relief in Crayne
- Home Equity Loans in Crayne
- 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