Total monthly cost of ownership
Cost to Own a Home in Beaver Dam, Kentucky
A $156,000 home here costs
$1,293per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $491 higher every month — 61% 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.
Beaver Dam against Ohio County and Kentucky
| Measure | Beaver Dam | Ohio County |
|---|---|---|
| Median home value | $155,800 | $113,400 |
| Median property tax | $918 | $695 |
| Effective tax rate | 0.589% | 0.613% |
| Median gross rent | $717 | $774 |
| Population | 3,526 | 23,704 |
The weather behind that power bill
Beaver Dam sits in Ohio County, which averages a high of 87.7°F in its hottest month and a low of 24.1°F in its coldest, with 51.96" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,393 cooling and 4,330 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Ohio County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ohio County
Common questions
How much does it cost to own a home in Beaver Dam?
A $156,000 home in Beaver Dam, Kentucky costs approximately $1,293 per month with 20% down at 6.66%. That is $802 principal and interest, $77 property tax, $82 homeowners insurance, $203 utilities and $130 set aside for maintenance.
What is the property tax rate in Beaver Dam?
Beaver Dam has an effective property tax rate of 0.589%, based on a median home value of $155,800 and median real estate taxes of $918. That is lower than the Ohio County average of 0.613%.
What is the average home price in Beaver Dam?
The median owner-occupied home value in Beaver Dam, Kentucky is $155,800, against $113,400 across Ohio County.
Is it cheaper to rent or buy in Beaver Dam?
Median gross rent in Beaver Dam is $717 a month, against $1,293 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 Beaver Dam — 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.