The typical owner-occupied home in Knott County is worth about $77,000, 63% below the Kentucky median of $205,600 and 77% below the national median of $332,700. Owners pay a median $571 a year in property taxes, about 0.74% of their home's value, close to the Kentucky rate of 0.75%. The median household earns $41,761 a year, so the median home costs 1.8 times the median income (3.2 times for Kentucky). 73% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Knott County at a glance
| Knott County | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $77,000 | $205,600 | $332,700 |
| Median property tax paid per year | $571 | $1,544 | $3,119 |
| Property tax as a share of value | 0.74% | 0.75% | 0.94% |
| Median household income | $41,761 | $63,726 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 34% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,118 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 18.8% | 21.0% |
| Median rent | $756 | $967 | $1,413 |
| Rent as a share of renters' income | 28.5% | 28.1% | 30.6% |
| Median year homes were built | 1982 | 1982 | 1980 |
| Vacant homes | 17.4% | 10.3% | 10.1% |
| Population | 13,830 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Knott County
At this week's average 30-year rate of 7.11%, buying the median Knott County home of $77,000 with 20% down costs about $494 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $622, 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 $21,170 for the 20%-down payment. That payment is 14% of the median Knott County household income of $41,761; at that income and 20% down, the 28% guideline points to a home of about $152,000.
The median rent here is $756 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,400 |
|---|---|
| Loan amount | $61,600 |
| Principal and interest | $414 |
| Property taxes (0.74% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $494 |
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| Down payment | $2,695 |
|---|---|
| Loan amount | $75,605 |
| Principal and interest | $509 |
| Property taxes (0.74% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $622 |
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Questions about home buying in Knott County
What is the median home value in Knott County?
About $77,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Knott County?
Homeowners pay a median $571 a year, which is about 0.74% 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 Knott County?
For the median home with 20% down at 7.11%, the payment is about $494 a month. Keeping that under 28% of gross income takes about $21,170 a year.
More about Knott County
- Mortgage Refinance in Knott County
- Debt Relief in Knott County
- Home Equity Loans in Knott County
- 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