The typical owner-occupied home in Gilbertsville is worth about $101,800, 50% below the Kentucky median of $205,600 and 69% below the national median of $332,700. Owners pay a median $861 a year in property taxes, about 0.85% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $12,391 a year, so the median home costs 8.2 times the median income (3.2 times for Kentucky). 54% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Gilbertsville at a glance
| Gilbertsville | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $101,800 | $205,600 | $332,700 |
| Median property tax paid per year | $861 | $1,544 | $3,119 |
| Property tax as a share of value | 0.85% | 0.75% | 0.94% |
| Median household income | $12,391 | $63,726 | $80,734 |
| Homes lived in by their owners | 54% | 68% | 65% |
| Owner homes with a mortgage | 54% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,433 | $1,963 |
| Median rent | $716 | $967 | $1,413 |
| Rent as a share of renters' income | 51.0% | 28.1% | 30.6% |
| Median year homes were built | 1972 | 1982 | 1980 |
| Vacant homes | 40.5% | 10.3% | 10.1% |
| Population | 433 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Gilbertsville
At this week's average 30-year rate of 7.11%, buying the median Gilbertsville home of $101,800 with 20% down costs about $662 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $832, 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 $28,388 for the 20%-down payment. That payment is 64% of the median Gilbertsville household income of $12,391; at that income and 20% down, the 28% guideline points to a home of about $44,000.
The median rent here is $716 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,360 |
|---|---|
| Loan amount | $81,440 |
| Principal and interest | $548 |
| Property taxes (0.85% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $662 |
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| Down payment | $3,563 |
|---|---|
| Loan amount | $99,956 |
| Principal and interest | $672 |
| Property taxes (0.85% a year) | $72 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $832 |
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Questions about home buying in Gilbertsville
What is the median home value in Gilbertsville?
About $101,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gilbertsville?
Homeowners pay a median $861 a year, which is about 0.85% 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 Gilbertsville?
For the median home with 20% down at 7.11%, the payment is about $662 a month. Keeping that under 28% of gross income takes about $28,388 a year.
More about Gilbertsville
- Mortgage Refinance in Gilbertsville
- Debt Relief in Gilbertsville
- Home Equity Loans in Gilbertsville
- 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