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Louisville, KY Mortgage Rates Today

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Current Mortgage Rates in Lousville

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Louisville housing market at a glance

September 2026 data

In Louisville, homes are selling in about 41 days (16 slower than a year ago), sales are up 16.0% from last year, and about 25% of listings have had a price cut.

Median sale price
$294,995
$168 per sq. ft.
Homes sold
3,601
▲ 16.0% vs. 3,105 last year
Days on market
41
vs. 25 days last year
Homes for sale
3,435
316 new listings
Listings with a price cut
25%
863 of 3,435 listings

Source: Movoto Louisville, KY market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Louisville

Monthly payments on Louisville's median home price of $294,995 (September 2026), at today's rates.

20% down · Conventional
$2,119/mo
Down payment
$58,999
Loan amount
$235,996
Rate
7.125%
Principal & interest
$1,590
Est. property tax
$219
Est. homeowners insurance
$310
5% down · Conventional
$2,417/mo
Down payment
$14,750
Loan amount
$280,245
Rate
7.125%
Principal & interest
$1,888
Est. property tax
$219
Est. homeowners insurance
$310
3.5% down · FHA
$2,431/mo
Down payment
$10,325
Loan amount
$289,652
Rate
6.875%
Principal & interest
$1,903
Est. property tax
$219
Est. homeowners insurance
$310

Payments include principal, interest, estimated Louisville property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Louisville?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Louisville property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Louisville's $294,995 median home:

20% down · Conventional$2,119/mo payment $90,798/yrabout $7,566/mo before taxes
5% down · Conventional$2,417/mo payment $103,574/yrabout $8,631/mo before taxes
3.5% down · FHA$2,431/mo payment $104,206/yrabout $8,684/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $235,996 loan (the Louisville median price with 20% down). Every 0.25% is worth about $40/mo.

Rate6.13%6.38%6.63%6.88%7.13%
today		7.38%
Monthly P&I$1,434$1,472$1,511$1,550$1,590$1,630

Ways to make a Louisville home more affordable

  • Negotiate on price. About 25% of Louisville listings have had a price cut, so many sellers are open to offers.
  • Ask for seller concessions. Homes take 41 days to sell, 16 more than last year. Sellers may cover closing costs or pay for a rate buydown.
  • Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $79 a month.
  • Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Louisville mortgage and home buying FAQs

What are mortgage rates in Louisville today?

As of October 9, 2026, Lower’s 30-year fixed conventional rate in Louisville is 7.125% (7.433% APR), and the 30-year FHA rate is 6.875% (7.697% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Louisville?

On Louisville’s $294,995 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $2,119 a month, including principal, interest, estimated Louisville property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $2,431 a month before monthly mortgage insurance.

How much income do I need to buy a house in Louisville?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $90,798 a year to buy Louisville’s $294,995 median home with 20% down, or about $104,206 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Louisville?

On the $294,995 median home, 20% down is $58,999, 5% down is $14,750, and the FHA minimum of 3.5% is $10,325. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Louisville right now?

In September 2026, Louisville homes sold in about 41 days, 16 days slower than a year earlier. 3601 homes sold, up from 3105 the year before, and about 25% of the 3435 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Louisville?

On a $235,996 loan (the median Louisville home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $40 a month, or about $475 a year.

How much are property taxes in Louisville?

Lower estimates Louisville property taxes at about 0.89% of a home’s value per year. On the $294,995 median home, that’s roughly $2,625 a year, or $219 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Louisville from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Find Out Why Louisville Loves Lower

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September 21, 2026

5.0

I now have a better understanding of how this works thano to Tim who broke things down for someone who only had a general idea of how the home buying process goes!

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July 26, 2026

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Ashley was very polite and answered any questions we had and walked us through everything

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October 1, 2026

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Ashley's whole team are open to help you, to the best of their capibilities w/ open arms!

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October 1, 2026

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Tim was very responsive anytime we had a question and we knew where we were in the process every step of the way.

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September 21, 2026

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Ashel and her team are the best!!!!!! You will not find a better team to purchase a home threw!!!!!! we love u Ashley thank you and you team for everything!!!

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September 30, 2026

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