The typical owner-occupied home in Blackey is worth about $69,200, 66% below the Kentucky median of $205,600 and 79% below the national median of $332,700. Owners pay a median $446 a year in property taxes, about 0.64% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $11,629 a year, so the median home costs 6.0 times the median income (3.2 times for Kentucky). 47% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Blackey at a glance
| Blackey | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $69,200 | $205,600 | $332,700 |
| Median property tax paid per year | $446 | $1,544 | $3,119 |
| Property tax as a share of value | 0.64% | 0.75% | 0.94% |
| Median household income | $11,629 | $63,726 | $80,734 |
| Homes lived in by their owners | 47% | 68% | 65% |
| Owner homes with a mortgage | 39% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,038 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 1955 | 1982 | 1980 |
| Vacant homes | 1.1% | 10.3% | 10.1% |
| Population | 141 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Blackey
At this week's average 30-year rate of 7.11%, buying the median Blackey home of $69,200 with 20% down costs about $438 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $553, 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 $18,778 for the 20%-down payment. That payment is 45% of the median Blackey household income of $11,629; at that income and 20% down, the 28% guideline points to a home of about $43,000.
| Down payment | $13,840 |
|---|---|
| Loan amount | $55,360 |
| Principal and interest | $372 |
| Property taxes (0.64% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $438 |
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| Down payment | $2,422 |
|---|---|
| Loan amount | $67,947 |
| Principal and interest | $457 |
| Property taxes (0.64% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $553 |
Change the numbers in the calculator
Questions about home buying in Blackey
What is the median home value in Blackey?
About $69,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blackey?
Homeowners pay a median $446 a year, which is about 0.64% 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 Blackey?
For the median home with 20% down at 7.11%, the payment is about $438 a month. Keeping that under 28% of gross income takes about $18,778 a year.
More about Blackey
- Mortgage Refinance in Blackey
- Debt Relief in Blackey
- Home Equity Loans in Blackey
- 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