The typical owner-occupied home in Wheatcroft is worth about $81,500, 60% below the Kentucky median of $205,600 and 76% below the national median of $332,700. The median household earns $41,250 a year, so the median home costs 2.0 times the median income (3.2 times for Kentucky). 73% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Wheatcroft at a glance
| Wheatcroft | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $81,500 | $205,600 | $332,700 |
| Median property tax paid per year | – | $1,544 | $3,119 |
| Median household income | $41,250 | $63,726 | $80,734 |
| Homes lived in by their owners | 73% | 68% | 65% |
| Owner homes with a mortgage | 32% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,365 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 32.3% | 18.8% | 21.0% |
| Median rent | $792 | $967 | $1,413 |
| Rent as a share of renters' income | 29.2% | 28.1% | 30.6% |
| Median year homes were built | 1981 | 1982 | 1980 |
| Vacant homes | 9.7% | 10.3% | 10.1% |
| Population | 90 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Wheatcroft
At this week's average 30-year rate of 7.11%, buying the median Wheatcroft home of $81,500 with 20% down costs about $547 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $683, 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 $23,454 for the 20%-down payment. That payment is 16% of the median Wheatcroft household income of $41,250; at that income and 20% down, the 28% guideline points to a home of about $143,000.
The median rent here is $792 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,300 |
|---|---|
| Loan amount | $65,200 |
| Principal and interest | $439 |
| Property taxes (1.10% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $547 |
Change the numbers in the calculator
| Down payment | $2,852 |
|---|---|
| Loan amount | $80,024 |
| Principal and interest | $538 |
| Property taxes (1.10% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $683 |
Change the numbers in the calculator
Questions about home buying in Wheatcroft
What is the median home value in Wheatcroft?
About $81,500 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 Wheatcroft?
For the median home with 20% down at 7.11%, the payment is about $547 a month. Keeping that under 28% of gross income takes about $23,454 a year.
More about Wheatcroft
- Mortgage Refinance in Wheatcroft
- Debt Relief in Wheatcroft
- Home Equity Loans in Wheatcroft
- 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