Total monthly cost of ownership
Cost to Own a Home in Bellefonte, Kentucky
A $279,000 home here costs
$2,328per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,434. The real number is $894 higher every month — 62% 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.
Bellefonte against Greenup County and Kentucky
| Measure | Bellefonte | Greenup County |
|---|---|---|
| Median home value | $278,800 | $135,300 |
| Median property tax | $3,738 | $1,273 |
| Effective tax rate | 1.341% | 0.941% |
| Median gross rent | $1,750 | $836 |
| Population | 1,251 | 35,639 |
The weather behind that power bill
Bellefonte sits in Greenup County, which averages a high of 85.5°F in its hottest month and a low of 23.5°F in its coldest, with 48.18" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 966 cooling and 4,763 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Greenup County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greenup County
Full Greenup County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Bellefonte?
A $279,000 home in Bellefonte, Kentucky costs approximately $2,328 per month with 20% down at 6.66%. That is $1,434 principal and interest, $312 property tax, $147 homeowners insurance, $203 utilities and $233 set aside for maintenance.
What is the property tax rate in Bellefonte?
Bellefonte has an effective property tax rate of 1.341%, based on a median home value of $278,800 and median real estate taxes of $3,738. That is higher than the Greenup County average of 0.941%.
What is the average home price in Bellefonte?
The median owner-occupied home value in Bellefonte, Kentucky is $278,800, against $135,300 across Greenup County.
Is it cheaper to rent or buy in Bellefonte?
Median gross rent in Bellefonte is $1,750 a month, against $2,328 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 Bellefonte — 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.