The typical owner-occupied home in South Carrollton is worth about $125,000, 39% below the Kentucky median of $205,600 and 62% below the national median of $332,700. Owners pay a median $1,100 a year in property taxes, about 0.88% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $41,307 a year, so the median home costs 3.0 times the median income (3.2 times for Kentucky). 86% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
South Carrollton at a glance
| South Carrollton | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $125,000 | $205,600 | $332,700 |
| Median property tax paid per year | $1,100 | $1,544 | $3,119 |
| Property tax as a share of value | 0.88% | 0.75% | 0.94% |
| Median household income | $41,307 | $63,726 | $80,734 |
| Homes lived in by their owners | 86% | 68% | 65% |
| Owner homes with a mortgage | 41% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $958 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 26.7% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Median year homes were built | 1977 | 1982 | 1980 |
| Vacant homes | 16.7% | 10.3% | 10.1% |
| Population | 157 | 4,534,824 | 334,922,499 |
What a typical home costs per month in South Carrollton
At this week's average 30-year rate of 7.11%, buying the median South Carrollton home of $125,000 with 20% down costs about $816 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,025, 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 $34,991 for the 20%-down payment. That payment is 24% of the median South Carrollton household income of $41,307; at that income and 20% down, the 28% guideline points to a home of about $148,000.
| Down payment | $25,000 |
|---|---|
| Loan amount | $100,000 |
| Principal and interest | $673 |
| Property taxes (0.88% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $816 |
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| Down payment | $4,375 |
|---|---|
| Loan amount | $122,736 |
| Principal and interest | $826 |
| Property taxes (0.88% a year) | $92 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,025 |
Change the numbers in the calculator
Questions about home buying in South Carrollton
What is the median home value in South Carrollton?
About $125,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in South Carrollton?
Homeowners pay a median $1,100 a year, which is about 0.88% 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 South Carrollton?
For the median home with 20% down at 7.11%, the payment is about $816 a month. Keeping that under 28% of gross income takes about $34,991 a year.
More about South Carrollton
- Mortgage Refinance in South Carrollton
- Debt Relief in South Carrollton
- Home Equity Loans in South Carrollton
- 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