Owensboro, KY home values, income, and owner costs

Start with the dated local finding: In Owensboro, KY, the 2024 ACS reports a median owner-occupied home value of $178,900, median household income of $56,357, and median selected monthly owner costs of $1,321 for owners with a mortgage. Together, those three reference points can still help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,321 measure combines recurring ownership expenses rather than real estate taxes alone. For borrower planning, a useful affordability review starts with $178,900, $56,357, and $1,321, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Owensboro, KY's $178,900 median home-value estimate is below the statewide $205,600 estimate, with a reported city-to-state gap of 13.0%. That 13.0% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Owensboro, KY. It does not mean every local property is 13.0% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For borrower planning, a borrower may use $178,900 and $205,600 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.