Total monthly cost of ownership
Cost to Own a Home in Alexandria, Kentucky
A $253,000 home here costs
$2,149per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $92,000 a year.
A standard mortgage calculator would have told you $1,379. The real number is $770 higher every month, 56% more than the payment most buyers budget for.
Compare Campbell County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Alexandria against Campbell County and Kentucky
| Measure | Alexandria | Campbell County |
|---|---|---|
| Median home value | $253,400 | $234,500 |
| Median property tax | $2,564 | $2,495 |
| Effective tax rate | 1.012% | 1.064% |
| Median gross rent | $1,062 | $1,079 |
| Population | 10,430 | 93,193 |
The weather behind that power bill
Alexandria sits in Campbell County, which averages a high of 86.6°F in its hottest month and a low of 23.6°F in its coldest, with 43.4" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,126 cooling and 4,804 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Campbell County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Campbell County
Full Campbell County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Alexandria averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Alexandria every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Alexandria I already own here and may sell
Common questions
How much does it cost to own a home in Alexandria?
A $253,000 home in Alexandria, Kentucky costs approximately $2,149 per month with 20% down at 7.24%. That is $1,379 principal and interest, $213 property tax, $133 homeowners insurance, $212 utilities and $211 set aside for maintenance.
What is the property tax rate in Alexandria?
Alexandria has an effective property tax rate of 1.012%, based on a median home value of $253,400 and median real estate taxes of $2,564. That is lower than the Campbell County average of 1.064%.
What is the average home price in Alexandria?
The median owner-occupied home value in Alexandria, Kentucky is $253,400, against $234,500 across Campbell County.
Is it cheaper to rent or buy in Alexandria?
Median gross rent in Alexandria is $1,062 a month, against $2,149 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Alexandria?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Alexandria, Kentucky at today's rate takes a household income of roughly $92,000 a year. That covers the full $2,149 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Alexandria, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Kentucky.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.