Total monthly cost of ownership
Cost to Own a Home in Barbourville, Kentucky
A $190,000 home here costs
$1,558per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $581 higher every month — 60% 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.
Barbourville against Knox County and Kentucky
| Measure | Barbourville | Knox County |
|---|---|---|
| Median home value | $190,200 | $109,200 |
| Median property tax | $1,448 | $803 |
| Effective tax rate | 0.761% | 0.735% |
| Median gross rent | $604 | $631 |
| Population | 3,181 | 30,034 |
The weather behind that power bill
Barbourville sits in Knox County, which averages a high of 87.0°F in its hottest month and a low of 24.6°F in its coldest, with 53.77" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,156 cooling and 4,408 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
No other places of this size are published in Knox County.
Common questions
How much does it cost to own a home in Barbourville?
A $190,000 home in Barbourville, Kentucky costs approximately $1,558 per month with 20% down at 6.66%. That is $977 principal and interest, $120 property tax, $100 homeowners insurance, $203 utilities and $158 set aside for maintenance.
What is the property tax rate in Barbourville?
Barbourville has an effective property tax rate of 0.761%, based on a median home value of $190,200 and median real estate taxes of $1,448. That is higher than the Knox County average of 0.735%.
What is the average home price in Barbourville?
The median owner-occupied home value in Barbourville, Kentucky is $190,200, against $109,200 across Knox County.
Is it cheaper to rent or buy in Barbourville?
Median gross rent in Barbourville is $604 a month, against $1,558 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 Barbourville — 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.