Mortgage Rates in Paris, Kentucky — March 2026
Updated March 2026 | Based on Paris market data and regional lending conditions
Paris is a growing city in Kentucky with a population of 9,846. The current 30-year fixed mortgage rate in Paris is 6.8%, which is 0.15% above the national average. With a median home price of $144,000 and a 20% down payment of $28,800, homebuyers can expect a monthly principal and interest payment of approximately $751.
Current Mortgage Rates in Paris, KY
Below are the current average mortgage rates available in the Paris 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 | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Paris Housing Market Overview
The Paris housing market offers relatively affordable housing compared to many major cities. The median household income in Paris is $44,200, and the cost of living index is 81.1 (national average = 100). Based on the 28% affordability rule, the median income in Paris is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Paris
Based on the median home price of $144,000 with 20% down ($28,800), here is what you can expect to pay monthly in Paris:
15-Year vs. 30-Year Mortgage in Paris
Choosing a 15-year mortgage in Paris at 6.03% instead of a 30-year at 6.8% would save you $95,040 in total interest over the life of the loan. However, your monthly payment would be $974 instead of $751 — an increase of $223 per month.
Calculate Your Paris 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 Paris
What are the current mortgage rates in Paris, KY?
As of March 2026, the average 30-year fixed mortgage rate in Paris, Kentucky is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Paris?
Based on the median home price of $144,000 with 20% down, the estimated monthly mortgage payment in Paris is $751 for principal and interest. Including property taxes of $96/month, the total monthly housing cost is approximately $847.
What income do I need to buy a home in Paris?
Using the 28% rule, you would need an annual income of approximately $36,300 to afford the median-priced home in Paris at $144,000. The median household income in Paris is $44,200. The median income is currently sufficient to meet this threshold.
Is Paris a good place to buy a home in 2026?
Paris offers a below-average cost of living with a cost of living index of 81.1 (national average = 100). The property tax rate in Kentucky is 0.8%, which is below the national average. Paris has a population of 9,846 and offers a very affordable lifestyle.
Mortgage Rates in Other Kentucky Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Paris, Kentucky area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.