Mortgage Rates in Nicholasville, Kentucky — March 2026
Updated March 2026 | Based on Nicholasville market data and regional lending conditions
Nicholasville is a growing city in Kentucky with a population of 33,068. The current 30-year fixed mortgage rate in Nicholasville is 6.66%, which is 0.01% above the national average. With a median home price of $178,000 and a 20% down payment of $35,600, homebuyers can expect a monthly principal and interest payment of approximately $915.
Current Mortgage Rates in Nicholasville, KY
Below are the current average mortgage rates available in the Nicholasville area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.66% | 6.65% | +0.01% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Nicholasville Housing Market Overview
The Nicholasville housing market offers relatively affordable housing compared to many major cities. The median household income in Nicholasville is $53,500, and the cost of living index is 79.8 (national average = 100). Based on the 28% affordability rule, the median income in Nicholasville is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Nicholasville
Based on the median home price of $178,000 with 20% down ($35,600), here is what you can expect to pay monthly in Nicholasville:
15-Year vs. 30-Year Mortgage in Nicholasville
Choosing a 15-year mortgage in Nicholasville at 5.92% instead of a 30-year at 6.66% would save you $114,120 in total interest over the life of the loan. However, your monthly payment would be $1,196 instead of $915 — an increase of $281 per month.
Calculate Your Nicholasville Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Nicholasville
What are the current mortgage rates in Nicholasville, KY?
As of March 2026, the average 30-year fixed mortgage rate in Nicholasville, Kentucky is 6.66%, while the 15-year fixed rate is 5.92%. FHA loans average 6.45% and VA loans 6.2%. These rates are 0.01% above the national average of 6.65%.
How much is a monthly mortgage payment in Nicholasville?
Based on the median home price of $178,000 with 20% down, the estimated monthly mortgage payment in Nicholasville is $915 for principal and interest. Including property taxes of $117/month, the total monthly housing cost is approximately $1,032.
What income do I need to buy a home in Nicholasville?
Using the 28% rule, you would need an annual income of approximately $44,229 to afford the median-priced home in Nicholasville at $178,000. The median household income in Nicholasville is $53,500. The median income is currently sufficient to meet this threshold.
Is Nicholasville a good place to buy a home in 2026?
Nicholasville offers a below-average cost of living with a cost of living index of 79.8 (national average = 100). The property tax rate in Kentucky is 0.79%, which is below the national average. Nicholasville has a population of 33,068 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Nicholasville, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.