Total monthly cost of ownership
Cost to Own a Home in Ashland, Kentucky
A $125,000 home here costs
$1,114per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $472 higher every month — 73% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ashland against Boyd County and Kentucky
| Measure | Ashland | Boyd County |
|---|---|---|
| Median home value | $125,300 | $126,300 |
| Median property tax | $1,194 | $1,233 |
| Effective tax rate | 0.953% | 0.976% |
| Median gross rent | $859 | $839 |
| Population | 21,405 | 48,043 |
The weather behind that power bill
Ashland sits in Boyd County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 45.1" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,234 cooling and 4,321 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Boyd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boyd County
Common questions
How much does it cost to own a home in Ashland?
A $125,000 home in Ashland, Kentucky costs approximately $1,114 per month with 20% down at 6.66%. That is $643 principal and interest, $99 property tax, $66 homeowners insurance, $203 utilities and $104 set aside for maintenance.
What is the property tax rate in Ashland?
Ashland has an effective property tax rate of 0.953%, based on a median home value of $125,300 and median real estate taxes of $1,194. That is lower than the Boyd County average of 0.976%.
What is the average home price in Ashland?
The median owner-occupied home value in Ashland, Kentucky is $125,300, against $126,300 across Boyd County.
Is it cheaper to rent or buy in Ashland?
Median gross rent in Ashland is $859 a month, against $1,114 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ashland — 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.