The typical owner-occupied home in Powderly is worth about $99,300, 52% below the Kentucky median of $205,600 and 70% below the national median of $332,700. Owners pay a median $357 a year in property taxes, about 0.36% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $50,662 a year, so the median home costs 2.0 times the median income (3.2 times for Kentucky). 82% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Powderly at a glance
| Powderly | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $99,300 | $205,600 | $332,700 |
| Median property tax paid per year | $357 | $1,544 | $3,119 |
| Property tax as a share of value | 0.36% | 0.75% | 0.94% |
| Median household income | $50,662 | $63,726 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 34% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,000 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 18.8% | 21.0% |
| Median rent | $754 | $967 | $1,413 |
| Rent as a share of renters' income | 27.5% | 28.1% | 30.6% |
| Median year homes were built | 1974 | 1982 | 1980 |
| Vacant homes | 29.2% | 10.3% | 10.1% |
| Population | 931 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Powderly
At this week's average 30-year rate of 7.11%, buying the median Powderly home of $99,300 with 20% down costs about $606 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $771, 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 $25,953 for the 20%-down payment. That payment is 14% of the median Powderly household income of $50,662; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $754 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,860 |
|---|---|
| Loan amount | $79,440 |
| Principal and interest | $534 |
| Property taxes (0.36% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $606 |
Change the numbers in the calculator
| Down payment | $3,476 |
|---|---|
| Loan amount | $97,501 |
| Principal and interest | $656 |
| Property taxes (0.36% a year) | $30 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $44 |
| Total per month | $771 |
Change the numbers in the calculator
Questions about home buying in Powderly
What is the median home value in Powderly?
About $99,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Powderly?
Homeowners pay a median $357 a year, which is about 0.36% 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 Powderly?
For the median home with 20% down at 7.11%, the payment is about $606 a month. Keeping that under 28% of gross income takes about $25,953 a year.
More about Powderly
- Mortgage Refinance in Powderly
- Debt Relief in Powderly
- Home Equity Loans in Powderly
- 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