Metro area · Illinois, Kentucky

Paducah, KY-IL metro: mortgages and home buyers

2025 home-purchase and refinance statistics for the 5-county Paducah, KY-IL area (OMB code 37140), from official HMDA records.

In 2025, lenders reported 823 home-purchase mortgages for owner-occupied, single-family homes in the Paducah, KY-IL metro area. The median buyer borrowed $205,000 on a home valued at $225,000 and reported a household income of $87,000.

Buyers financed a median 96.5% of the home's value (roughly 3.5% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $3,770.

Lenders denied 9.6% of completed home-purchase applications.

Purchase loans

823

5 counties

Buyer income

$87,000

U.S. $116,000

Loan amount

$205,000

U.S. $335,000

Down payment

3.5%

U.S. 10%

30-yr fixed rate

6.625%

U.S. 6.625%

Denial rate

9.6%

Purchase · U.S. 8.5%

Key facts

Home buyers' median income ($87,000) is 25% lower than the U.S. median ($116,000).
Median conventional loan costs ($3,770) were 32% lower than the U.S. median ($5,570).
20.3% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
12.8% of first-lien purchase mortgages were for investment properties.
The most common age bracket among borrowers was 25–34 (33.2% of purchase loans).
55.4% of purchase mortgages had a single borrower with no co-applicant.
The most-cited reason for denial was debt-to-income ratio (25.8% of denials with a stated reason).

Counties in the metro area

County	Purchase loans	Median loan	Buyer income	30-yr rate	Loan costs	Conforming limit	FHA limit
McCracken County, KY	610	$215,000	$93,000	6.625%	$3,790	$832,750	$541,287
Massac County, IL	90	$115,000	$60,000	—	—	$832,750	$541,287
Ballard County, KY	47	$165,000	$84,000	—	—	$832,750	$541,287
Livingston County, KY	40	$175,000	$80,000	—	—	$832,750	$541,287
Carlisle County, KY	36	$165,000	$97,000	—	—	$832,750	$541,287

Who bought homes in Paducah

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans

823

of 947 applications

Buyer income

$87,000

Middle half $58,000–$131,000

Home value

$225,000

Middle half $155,000–$295,000

Loan amount

$205,000

Middle half $145,000–$275,000

Down payment

3.5%

20.3% put 20%+ down

Single borrower

55.4%

No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 61.0% 502

FHA 22.2% 183

VA 12.0% 99

USDA 4.7% 39

What the homes were for

Primary residence 85.6% 899

Second home 1.6% 17

Investment property 12.8% 134

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 11.3%

25–34 33.2%

35–44 23.1%

45–54 13.2%

55–64 9.8%

65–74 7.0%

75 and over 2.3%

Debt-to-income ratio

Under 20% 3.6%

20–29% 18.8%

30–35% 15.2%

36–42% 30.2%

43–49% 22.6%

50–60% 8.8%

Over 60% 0.7%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in Paducah

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

Measure	Paducah	U.S.
30-year fixed rate · conventional	6.625%	6.625%
30-year fixed rate · FHA	6.500%	6.250%
30-year fixed rate · VA	6.250%	6.125%
15-year fixed rate · conventional	—	5.875%
Rate spread vs. APOR · conventional	+0.34 pts	+0.13 pts
Total loan costs · conventional	$3,770	$5,570
Total loan costs · FHA	$7,600	$11,310
Total loan costs · VA	$4,890	$6,490
Origination charges (all loan types)	$1,450	$1,860
Borrowers paying discount points	47.4%	51.3%
Points paid, when paid (% of loan)	0.49%	0.87%
Borrowers receiving lender credits	44.7%	33.1%
Adjustable-rate mortgages	1.0%	7.4%
Jumbo loans (above conforming limit)	1.2%	3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

Paducah: 91 of 947 completed home-purchase applications were denied (9.6%).

Denial rate

Application	Paducah	U.S.
Home purchase	9.6%	8.5%
Conventional	7.4%	7.1%
FHA	13.0%	12.5%
VA	12.2%	8.0%
USDA	15.2%	12.5%
Refinance	10.2%	17.9%
Cash-out refinance	41.8%	33.6%

Main reason for purchase denials

Debt-to-income ratio 25.8%

Credit history 17.7%

Other 17.7%

Collateral (appraisal/property) 16.1%

Credit application incomplete 11.3%

Employment history 4.8%

Unverifiable information 3.2%

Insufficient cash (down payment/closing costs) 1.6%

Mortgage insurance denied 1.6%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in Paducah

Refinances

217

Median loan $195,000

Refi rate

—

30-yr fixed, conv.

Refi loan costs

$3,940

Conventional

Cash-out refis

136

Median loan $165,000

Cash-out rate

6.99%

30-yr fixed, conv.

Cash-out income

$76,000

Median borrower

Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology