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City · 19,515 residents · Hopkins County, Kentucky

Madisonville , Kentucky

In Madisonville, a typical home is worth $164,100 and typical rent is $838 a month. Compared with all of Hopkins County, the typical home value is 15% higher, typical household income is 5% lower, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $164,100

    15% above the county

    20% below Kentucky

    • Madisonville
    • Hopkins
    • Kentucky

  • Typical rent

    $838a month

    About the same as the county

    13% below Kentucky

    • Madisonville
    • Hopkins
    • Kentucky

  • Typical household income

    $53,860a year

    5% below the county

    15% below Kentucky

    • Madisonville
    • Hopkins
    • Kentucky

  • Households that own their home

    63%

    7 points below the county

    5 points below Kentucky

    • Madisonville
    • Hopkins
    • Kentucky

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$154,422
8.1% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Madisonville is in Hopkins County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hopkins County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Madisonville apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Princeton, the typical home value is $96,600: 41% less than in Madisonville ($164,100).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Madisonville fell 8.1%; in Kentucky, it barely changed.

  3. Nearby, in Central City, the typical rent is $683: 18% less than in Madisonville ($838).

  4. 63% of households in Madisonville own their home, against 71% in Hopkins County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Madisonville

What homes there are in Madisonville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Hopkins County, most homes in Madisonville are detached houses (74%).

Year built

By age, homes in Madisonville look like those in Hopkins County: the typical year built is 1975.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 97% of owner-occupied homes in Madisonville sit below it: they are worth less than $500,000.

Monthly rent with utilities

About 67% of rented homes in Madisonville cost less than HUD's 2-bedroom fair market rent for Hopkins County ($959).

With a mortgage

$1,153 a month

Hopkins County: $1,107 a month

Without a mortgage

$477 a month

Hopkins County: $436 a month

Owners with a mortgage

52%

Hopkins County: 50%

In Madisonville, 52% of owners have a mortgage; their typical cost is $1,153 a month, about the same as in Hopkins County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Hopkins County, the typical home value in Madisonville rose 31% since 2015–2019.

The typical rent in Madisonville rose 12% over the same time; in Hopkins County, it rose 17%.

To compare: typical income in Madisonville rose 20%; the home, +31%; the rent, +12%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMadisonvilleHopkins CountyKentuckyUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate3.3%2.0%3.4%
People per household 2.272.402.432.53
Drive alone 86%88%77%69%
Carpool 8%7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 5%4%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Madisonville are smaller: 2.27 people on average; in Hopkins County, 2.40.

To get to work, 86% of workers in Madisonville drive alone; in Hopkins County, 88%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Madisonville?

A typical home is tight for the typical income

We start with a typical home in Madisonville, worth $164,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Madisonville, which is $53,860 a year. For that payment to be 28% of income, a household would need to earn about $57,510 a year.

The calculator's FHA and conventional loan limits are those of all of Hopkins County.

Your numbers

Local data
$

Starts at the typical home value in Madisonville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,744 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,342

at 7.18% · 30 years

Loan amount
$161,127
Total interest
$231,824
Paid off in
November 2056

Includes $2,771 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,257 a month

  • Tight

    $1,257 to $1,616 a month

    Your payment · 30%

  • Hard

    more than $1,616 a month

Compared with the typical household income in Madisonville ($53,860 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,342
Principal & interest$1,092
Property tax$109
Home insurance$68
FHA mortgage insurance (MIP)$73

You need at least $5,744 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Madisonville and Hopkins County

Madisonville is in Hopkins County, Kentucky. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Madisonville's own numbers

Typical home value
$164,100
Typical monthly rent
$838
Typical yearly household income
$53,860
Households that own their home
63%
Effective property tax rate
0.8%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hopkins County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$959
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
3.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hopkins County.

Everything about Hopkins County

Buying

Buying a home in Madisonville

A typical home in Madisonville is worth $164,100: 15% above the county and 20% below Kentucky. With the typical household income in Madisonville ($53,860 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Madisonville 3.0 years
  • Hopkins 2.5 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hopkins County

According to FHFA’s house price index, home prices in Hopkins County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hopkins County.

Period County Kentucky U.S.
Last year (2025) +5.9% +3.9% +2.9%
5 years (2020–2025) +57% +50% +47%
10 years (2015–2025) +79% +84% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Madisonville next to Hopkins County, Kentucky and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Madisonville $164,100
  • Hopkins $142,800
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Madisonville $838
  • Hopkins $837
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Madisonville $53,860
  • Hopkins $56,815
  • Kentucky $63,726
  • United States $80,734
See the full table
Madisonville next to Hopkins County and Kentucky
Measure Madisonville Hopkins County Kentucky U.S.
Typical home value $164,100 $142,800 $205,600 $332,700
Typical monthly rent $838 $837 $967 $1,413
Typical yearly household income $53,860 $56,815 $63,726 $80,734
Households that own their home 63% 71% 68% 65%
Typical yearly property tax $1,312 $1,104 $1,544 $3,119
Effective property tax rate 0.8% 0.77% 0.75% 0.94%
Renters with high rent for their income 51% 49% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hopkins County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Madisonville

For a typical $164,100 home in Madisonville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Madisonville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,342a month

    Least cash to close
    Down payment
    $5,744
    Cash to close
    $10,667
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $73

  • Conventional, 5% down $1,312a month

    Down payment
    $8,205
    Cash to close
    $13,128
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,067a month

    Down payment
    $32,820
    Cash to close
    $37,743
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,219a month

    Down payment
    $24,615
    Cash to close
    $29,538
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Madisonville and for Hopkins County.

Property tax

Effective rate in Madisonville

0.8%of the home’s value each year

$1,312 a year for the typical owner in Madisonville.

  • Madisonville 0.8%
  • Hopkins 0.77%
  • Kentucky 0.75%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Flood risk in Hopkins County

FEMA does not publish these numbers by city: they are for all of Hopkins County.

Homes in the high-risk zone
3.6%
810
Of those, with NFIP insurance
9.6%
County Kentucky U.S.
Homes in the high-risk zone 3.6% 3.5% 3.5%
Of those, with NFIP insurance 9.6% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Madisonville

Typical rent in Madisonville is $838 a month: about the same as the county. In Madisonville, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hopkins County, by unit size. To pay the 2-bedroom one ($959 a month) without spending more than 30% of your income, you would need to earn $18.44 an hour working full time.

HUD fair market rent for all of Hopkins County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $701 $13.48 $28,040
1 bedroom $733 $14.10 $29,320
2 bedrooms $959 $18.44 $38,360
3 bedrooms $1,249 $24.02 $49,960
4 bedrooms $1,405 $27.02 $56,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Madisonville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Madisonville is in ZIP code 42431.

For 2 bedrooms it is $980: $21 more than the fair market rent for Hopkins County ($959).

  • 42431 $980$1,280

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Madisonville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Madisonville

HUD lists 5 buildings with rents for lower incomes in Madisonville. These are the largest.

  • Old Browning Springs 205 Branch St, Madisonville 42431 186 low-income homes · Run by Housing Authority of Madisonville · Average payment: $310 a month · Average wait: 8 months (270) 821-5517
  • Cross Creek Apartments 1505 Island Ford Rd, Madisonville 42431 129 homes, 128 low-income · For families (270) 821-8826
  • Pennyrile Park Apartments S. Kentucky Ave., Madisonville 42431 100 low-income homes · 1 bd: 36 · 2 bd: 47 · 3 bd: 17 · In service since 2007 · For older adults, families
  • Arbors of Madisonville 652 S Kentucky Ave, Madisonville 42431 100 homes, 70 low-income · For families (270) 821-7830
  • Shiloh Apartments Winding Creek Road, Madisonville 42431 24 low-income homes · 1 bd: 12 · 2 bd: 12 · In service since 2012 · For families

See all 9 buildings in Hopkins County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Madisonville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Hopkins County; 1 says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Madisonville

No down payment, repair or rent-help program on our list is for Madisonville or Hopkins County. The ones below are statewide in Kentucky: they work in Madisonville the same as in the rest of the state.

Which programs do I qualify for? All programs in Kentucky

  • KHC Down Payment Assistance (DPA)

    Statewide in Kentucky

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage. Offered by Kentucky Housing Corporation (KHC).

    Repayable

    See the program Official page

Housing counselors near Madisonville

The HUD-approved agencies closest to the center of Madisonville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Kentucky Legal Aid, Incorporated

    100 South Railroad Street, # 120, Madisonville · 1 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

  • Kentucky Legal Aid, Incorporated

    401 W 9th St Ste D, Hopkinsville · 33 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

  • Kentucky Legal Aid, Incorporated

    117 West 2nd Street, Owensboro · 37 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (270) 782-5740

Every agency in Hopkins County All counseling agencies in Kentucky

Help in Spanish near Madisonville

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Madisonville

HUD’s record names them for Madisonville or Hopkins County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Madisonville Public housing and Section 8 vouchers (270) 821-5517

One other authority has an office in Hopkins County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Madisonville, with the typical home value.

Everything about Hopkins County Housing in Kentucky

Neighboring counties

If Hopkins County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Madisonville.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Madisonville

Short answers with the numbers for Madisonville and all of Hopkins County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Madisonville?

The typical home value in Madisonville is $164,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hopkins County it is $142,800.

How much does it cost to rent in Madisonville?

Typical rent in Madisonville is $838 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hopkins County is $959.

What is the FHA loan limit in Madisonville?

Madisonville uses the FHA limit for all of Hopkins County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Madisonville?

The typical homeowner in Madisonville pays $1,312 a year, according to the U.S. Census Bureau. That is 0.8% of the home’s value; in Hopkins County, the rate is 0.77%.

Where can I find free help to buy or rent in Madisonville?

There is 1 HUD-approved counseling agency with an office in Hopkins County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).