The typical owner-occupied home in Lynch is worth about $58,600, 71% below the Kentucky median of $205,600 and 82% below the national median of $332,700. Owners pay a median $669 a year in property taxes, about 1.14% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $30,114 a year, so the median home costs 1.9 times the median income (3.2 times for Kentucky). 66% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Lynch at a glance
| Lynch | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $58,600 | $205,600 | $332,700 |
| Median property tax paid per year | $669 | $1,544 | $3,119 |
| Property tax as a share of value | 1.14% | 0.75% | 0.94% |
| Median household income | $30,114 | $63,726 | $80,734 |
| Homes lived in by their owners | 66% | 68% | 65% |
| Owner homes with a mortgage | 15% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,433 | $1,963 |
| Median rent | $889 | $967 | $1,413 |
| Rent as a share of renters' income | 44.6% | 28.1% | 30.6% |
| Median year homes were built | 1938 | 1982 | 1980 |
| Vacant homes | 38.3% | 10.3% | 10.1% |
| Population | 709 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Lynch
At this week's average 30-year rate of 7.11%, buying the median Lynch home of $58,600 with 20% down costs about $395 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $493, 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 $16,948 for the 20%-down payment. That payment is 16% of the median Lynch household income of $30,114; at that income and 20% down, the 28% guideline points to a home of about $104,000.
The median rent here is $889 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,720 |
|---|---|
| Loan amount | $46,880 |
| Principal and interest | $315 |
| Property taxes (1.14% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $395 |
Change the numbers in the calculator
| Down payment | $2,051 |
|---|---|
| Loan amount | $57,539 |
| Principal and interest | $387 |
| Property taxes (1.14% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $493 |
Change the numbers in the calculator
Questions about home buying in Lynch
What is the median home value in Lynch?
About $58,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lynch?
Homeowners pay a median $669 a year, which is about 1.14% 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 Lynch?
For the median home with 20% down at 7.11%, the payment is about $395 a month. Keeping that under 28% of gross income takes about $16,948 a year.
More about Lynch
- Mortgage Refinance in Lynch
- Debt Relief in Lynch
- Home Equity Loans in Lynch
- 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