The typical owner-occupied home in Beech Grove is worth about $170,900, 17% below the Kentucky median of $205,600 and 49% below the national median of $332,700. The median household earns $109,083 a year, so the median home costs 1.6 times the median income (3.2 times for Kentucky). 100% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Beech Grove at a glance
| Beech Grove | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $170,900 | $205,600 | $332,700 |
| Median property tax paid per year | – | $1,544 | $3,119 |
| Median household income | $109,083 | $63,726 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 59% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,053 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 2002 | 1982 | 1980 |
| Vacant homes | 16.4% | 10.3% | 10.1% |
| Population | 291 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Beech Grove
At this week's average 30-year rate of 7.11%, buying the median Beech Grove home of $170,900 with 20% down costs about $1,148 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,432, 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 $49,182 for the 20%-down payment. That payment is 13% of the median Beech Grove household income of $109,083; at that income and 20% down, the 28% guideline points to a home of about $379,000.
| Down payment | $34,180 |
|---|---|
| Loan amount | $136,720 |
| Principal and interest | $920 |
| Property taxes (1.10% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| PMI | $0 |
| Total per month | $1,148 |
Change the numbers in the calculator
| Down payment | $5,982 |
|---|---|
| Loan amount | $167,805 |
| Principal and interest | $1,129 |
| Property taxes (1.10% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $71 |
| FHA mortgage insurance | $76 |
| Total per month | $1,432 |
Change the numbers in the calculator
Questions about home buying in Beech Grove
What is the median home value in Beech Grove?
About $170,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Beech Grove?
For the median home with 20% down at 7.11%, the payment is about $1,148 a month. Keeping that under 28% of gross income takes about $49,182 a year.
More about Beech Grove
- Mortgage Refinance in Beech Grove
- Debt Relief in Beech Grove
- Home Equity Loans in Beech Grove
- 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