The typical owner-occupied home in Stearns is worth about $160,700, 22% below the Kentucky median of $205,600 and 52% below the national median of $332,700. Owners pay a median $1,552 a year in property taxes, about 0.97% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $55,931 a year, so the median home costs 2.9 times the median income (3.2 times for Kentucky). 93% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Stearns at a glance
| Stearns | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $160,700 | $205,600 | $332,700 |
| Median property tax paid per year | $1,552 | $1,544 | $3,119 |
| Property tax as a share of value | 0.97% | 0.75% | 0.94% |
| Median household income | $55,931 | $63,726 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 44% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,442 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 27.0% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 1986 | 1982 | 1980 |
| Vacant homes | 28.6% | 10.3% | 10.1% |
| Population | 1,271 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Stearns
At this week's average 30-year rate of 7.11%, buying the median Stearns home of $160,700 with 20% down costs about $1,062 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,329, 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 $45,501 for the 20%-down payment. That payment is 23% of the median Stearns household income of $55,931; at that income and 20% down, the 28% guideline points to a home of about $198,000.
| Down payment | $32,140 |
|---|---|
| Loan amount | $128,560 |
| Principal and interest | $865 |
| Property taxes (0.97% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,062 |
Change the numbers in the calculator
| Down payment | $5,624 |
|---|---|
| Loan amount | $157,789 |
| Principal and interest | $1,061 |
| Property taxes (0.97% a year) | $130 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $71 |
| Total per month | $1,329 |
Change the numbers in the calculator
Questions about home buying in Stearns
What is the median home value in Stearns?
About $160,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Stearns?
Homeowners pay a median $1,552 a year, which is about 0.97% 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 Stearns?
For the median home with 20% down at 7.11%, the payment is about $1,062 a month. Keeping that under 28% of gross income takes about $45,501 a year.
More about Stearns
- Mortgage Refinance in Stearns
- Debt Relief in Stearns
- Home Equity Loans in Stearns
- 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