The typical owner-occupied home in Paducah is worth about $165,300, 20% below the Kentucky median of $205,600 and 50% below the national median of $332,700. Owners pay a median $1,390 a year in property taxes, about 0.84% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $49,915 a year, so the median home costs 3.3 times the median income (3.2 times for Kentucky). 55% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Paducah at a glance
| Paducah | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $165,300 | $205,600 | $332,700 |
| Median property tax paid per year | $1,390 | $1,544 | $3,119 |
| Property tax as a share of value | 0.84% | 0.75% | 0.94% |
| Median household income | $49,915 | $63,726 | $80,734 |
| Homes lived in by their owners | 55% | 68% | 65% |
| Owner homes with a mortgage | 55% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,323 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 18.8% | 21.0% |
| Median rent | $834 | $967 | $1,413 |
| Rent as a share of renters' income | 28.2% | 28.1% | 30.6% |
| Median year homes were built | 1967 | 1982 | 1980 |
| Vacant homes | 15.4% | 10.3% | 10.1% |
| Population | 26,845 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Paducah
At this week's average 30-year rate of 7.11%, buying the median Paducah home of $165,300 with 20% down costs about $1,074 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,350, 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 $46,036 for the 20%-down payment. That payment is 26% of the median Paducah household income of $49,915; at that income and 20% down, the 28% guideline points to a home of about $179,000.
The median rent here is $834 a month, so owning the median home costs about $240 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,060 |
|---|---|
| Loan amount | $132,240 |
| Principal and interest | $890 |
| Property taxes (0.84% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,074 |
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| Down payment | $5,786 |
|---|---|
| Loan amount | $162,306 |
| Principal and interest | $1,092 |
| Property taxes (0.84% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,350 |
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Questions about home buying in Paducah
What is the median home value in Paducah?
About $165,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Paducah?
Homeowners pay a median $1,390 a year, which is about 0.84% 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 Paducah?
For the median home with 20% down at 7.11%, the payment is about $1,074 a month. Keeping that under 28% of gross income takes about $46,036 a year.
More about Paducah
- Mortgage Refinance in Paducah
- Debt Relief in Paducah
- Home Equity Loans in Paducah
- 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