Total monthly cost of ownership
Cost to Own a Home in Augusta, Kentucky
A $101,000 home here costs
$1,034per 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 $44,500 a year.
A standard mortgage calculator would have told you $551. The real number is $483 higher every month, 88% more than the payment most buyers budget for.
Compare Bracken County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Augusta from a five-year rolling sample, and with about 1,514 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Bracken County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Augusta against Bracken County and Kentucky
| Measure | Augusta | Bracken County |
|---|---|---|
| Median home value | $100,700 | $116,400 |
| Median property tax | $1,594 | $1,093 |
| Effective tax rate | 1.583% | 0.939% |
| Median gross rent | $696 | $748 |
| Population | 1,514 | 8,427 |
The weather behind that power bill
Augusta sits in Bracken County, which averages a high of 86.9°F in its hottest month and a low of 23.3°F in its coldest, with 47.5" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,148 cooling and 4,700 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Bracken County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bracken County
No other places of this size are published in Bracken County.
Full Bracken County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Augusta 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 Augusta every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Augusta I already own here and may sell
Common questions
How much does it cost to own a home in Augusta?
A $101,000 home in Augusta, Kentucky costs approximately $1,034 per month with 20% down at 7.24%. That is $551 principal and interest, $133 property tax, $53 homeowners insurance, $212 utilities and $84 set aside for maintenance.
What is the property tax rate in Augusta?
Augusta has an effective property tax rate of 1.583%, based on a median home value of $100,700 and median real estate taxes of $1,594. That is higher than the Bracken County average of 0.939%.
What is the average home price in Augusta?
The median owner-occupied home value in Augusta, Kentucky is $100,700, against $116,400 across Bracken County.
Is it cheaper to rent or buy in Augusta?
Median gross rent in Augusta is $696 a month, against $1,034 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 Augusta?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Augusta, Kentucky at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,034 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Augusta, 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.