The typical owner-occupied home in Germantown is worth about $101,400, 51% below the Kentucky median of $205,600 and 70% below the national median of $332,700. Owners pay a median $710 a year in property taxes, about 0.70% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $77,000 a year, so the median home costs 1.3 times the median income (3.2 times for Kentucky). 68% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Germantown at a glance
| Germantown | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $101,400 | $205,600 | $332,700 |
| Median property tax paid per year | $710 | $1,544 | $3,119 |
| Property tax as a share of value | 0.70% | 0.75% | 0.94% |
| Median household income | $77,000 | $63,726 | $80,734 |
| Homes lived in by their owners | 68% | 68% | 65% |
| Owner homes with a mortgage | 43% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,116 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 18.8% | 21.0% |
| Median rent | $1,292 | $967 | $1,413 |
| Rent as a share of renters' income | 9.0% | 28.1% | 30.6% |
| Median year homes were built | 1944 | 1982 | 1980 |
| Vacant homes | 12.4% | 10.3% | 10.1% |
| Population | 232 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Germantown
At this week's average 30-year rate of 7.11%, buying the median Germantown home of $101,400 with 20% down costs about $647 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $816, 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 $27,733 for the 20%-down payment. That payment is 10% of the median Germantown household income of $77,000; at that income and 20% down, the 28% guideline points to a home of about $282,000.
The median rent here is $1,292 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,280 |
|---|---|
| Loan amount | $81,120 |
| Principal and interest | $546 |
| Property taxes (0.70% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $647 |
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| Down payment | $3,549 |
|---|---|
| Loan amount | $99,563 |
| Principal and interest | $670 |
| Property taxes (0.70% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $45 |
| Total per month | $816 |
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Questions about home buying in Germantown
What is the median home value in Germantown?
About $101,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Germantown?
Homeowners pay a median $710 a year, which is about 0.70% 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 Germantown?
For the median home with 20% down at 7.11%, the payment is about $647 a month. Keeping that under 28% of gross income takes about $27,733 a year.
More about Germantown
- Mortgage Refinance in Germantown
- Debt Relief in Germantown
- Home Equity Loans in Germantown
- 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