The typical owner-occupied home in Dawson Springs is worth about $70,000, 66% below the Kentucky median of $205,600 and 79% below the national median of $332,700. Owners pay a median $708 a year in property taxes, about 1.01% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $32,838 a year, so the median home costs 2.1 times the median income (3.2 times for Kentucky). 63% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Dawson Springs at a glance
| Dawson Springs | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $70,000 | $205,600 | $332,700 |
| Median property tax paid per year | $708 | $1,544 | $3,119 |
| Property tax as a share of value | 1.01% | 0.75% | 0.94% |
| Median household income | $32,838 | $63,726 | $80,734 |
| Homes lived in by their owners | 63% | 68% | 65% |
| Owner homes with a mortgage | 55% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $749 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 21.4% | 18.8% | 21.0% |
| Median rent | $538 | $967 | $1,413 |
| Rent as a share of renters' income | 32.3% | 28.1% | 30.6% |
| Median year homes were built | 1962 | 1982 | 1980 |
| Vacant homes | 20.9% | 10.3% | 10.1% |
| Population | 1,951 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Dawson Springs
At this week's average 30-year rate of 7.11%, buying the median Dawson Springs home of $70,000 with 20% down costs about $465 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $581, 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 $19,920 for the 20%-down payment. That payment is 17% of the median Dawson Springs household income of $32,838; at that income and 20% down, the 28% guideline points to a home of about $115,000.
The median rent here is $538 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,000 |
|---|---|
| Loan amount | $56,000 |
| Principal and interest | $377 |
| Property taxes (1.01% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $465 |
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| Down payment | $2,450 |
|---|---|
| Loan amount | $68,732 |
| Principal and interest | $462 |
| Property taxes (1.01% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $581 |
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Questions about home buying in Dawson Springs
What is the median home value in Dawson Springs?
About $70,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dawson Springs?
Homeowners pay a median $708 a year, which is about 1.01% 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 Dawson Springs?
For the median home with 20% down at 7.11%, the payment is about $465 a month. Keeping that under 28% of gross income takes about $19,920 a year.
More about Dawson Springs
- Mortgage Refinance in Dawson Springs
- Debt Relief in Dawson Springs
- Home Equity Loans in Dawson Springs
- 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