The typical owner-occupied home in Wolfe County is worth about $75,800, 63% below the Kentucky median of $205,600 and 77% below the national median of $332,700. Owners pay a median $414 a year in property taxes, about 0.55% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $30,417 a year, so the median home costs 2.5 times the median income (3.2 times for Kentucky). 74% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Wolfe County at a glance
| Wolfe County | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $75,800 | $205,600 | $332,700 |
| Median property tax paid per year | $414 | $1,544 | $3,119 |
| Property tax as a share of value | 0.55% | 0.75% | 0.94% |
| Median household income | $30,417 | $63,726 | $80,734 |
| Homes lived in by their owners | 74% | 68% | 65% |
| Owner homes with a mortgage | 29% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $971 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 24.9% | 18.8% | 21.0% |
| Median rent | $501 | $967 | $1,413 |
| Rent as a share of renters' income | 38.1% | 28.1% | 30.6% |
| Median year homes were built | 1990 | 1982 | 1980 |
| Vacant homes | 12.4% | 10.3% | 10.1% |
| Population | 6,443 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Wolfe County
At this week's average 30-year rate of 7.11%, buying the median Wolfe County home of $75,800 with 20% down costs about $474 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $601, 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 $20,325 for the 20%-down payment. That payment is 19% of the median Wolfe County household income of $30,417; at that income and 20% down, the 28% guideline points to a home of about $113,000.
The median rent here is $501 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,160 |
|---|---|
| Loan amount | $60,640 |
| Principal and interest | $408 |
| Property taxes (0.55% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $474 |
Change the numbers in the calculator
| Down payment | $2,653 |
|---|---|
| Loan amount | $74,427 |
| Principal and interest | $501 |
| Property taxes (0.55% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $601 |
Change the numbers in the calculator
Questions about home buying in Wolfe County
What is the median home value in Wolfe County?
About $75,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wolfe County?
Homeowners pay a median $414 a year, which is about 0.55% 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 Wolfe County?
For the median home with 20% down at 7.11%, the payment is about $474 a month. Keeping that under 28% of gross income takes about $20,325 a year.
More about Wolfe County
- Mortgage Refinance in Wolfe County
- Debt Relief in Wolfe County
- Home Equity Loans in Wolfe County
- 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