The typical owner-occupied home in Mount Olivet is worth about $65,000, 68% below the Kentucky median of $205,600 and 80% below the national median of $332,700. Owners pay a median $650 a year in property taxes, about 1.00% of their home's value, higher than the Kentucky rate of 0.75%. 62% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Mount Olivet at a glance
| Mount Olivet | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $65,000 | $205,600 | $332,700 |
| Median property tax paid per year | $650 | $1,544 | $3,119 |
| Property tax as a share of value | 1.00% | 0.75% | 0.94% |
| Median household income | – | $63,726 | $80,734 |
| Homes lived in by their owners | 62% | 68% | 65% |
| Owner homes with a mortgage | 38% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,438 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 25.0% | 18.8% | 21.0% |
| Median rent | – | $967 | $1,413 |
| Rent as a share of renters' income | 51.0% | 28.1% | 30.6% |
| Median year homes were built | 1940 | 1982 | 1980 |
| Vacant homes | 34.5% | 10.3% | 10.1% |
| Population | 170 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Mount Olivet
At this week's average 30-year rate of 7.11%, buying the median Mount Olivet home of $65,000 with 20% down costs about $431 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $539, 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 $18,474 for the 20%-down payment.
| Down payment | $13,000 |
|---|---|
| Loan amount | $52,000 |
| Principal and interest | $350 |
| Property taxes (1.00% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $431 |
Change the numbers in the calculator
| Down payment | $2,275 |
|---|---|
| Loan amount | $63,823 |
| Principal and interest | $429 |
| Property taxes (1.00% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $539 |
Change the numbers in the calculator
Questions about home buying in Mount Olivet
What is the median home value in Mount Olivet?
About $65,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mount Olivet?
Homeowners pay a median $650 a year, which is about 1.00% 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 Mount Olivet?
For the median home with 20% down at 7.11%, the payment is about $431 a month. Keeping that under 28% of gross income takes about $18,474 a year.
More about Mount Olivet
- Mortgage Refinance in Mount Olivet
- Debt Relief in Mount Olivet
- Home Equity Loans in Mount Olivet
- 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