Total monthly cost of ownership
Cost to Own a Home in Burkesville, Kentucky
A $115,000 home here costs
$995per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $404 higher every month — 68% 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.
Burkesville against Cumberland County and Kentucky
| Measure | Burkesville | Cumberland County |
|---|---|---|
| Median home value | $114,600 | $128,600 |
| Median property tax | $541 | $786 |
| Effective tax rate | 0.472% | 0.611% |
| Median gross rent | $505 | $553 |
| Population | 1,407 | 5,948 |
The weather behind that power bill
Burkesville sits in Cumberland County, which averages a high of 89.7°F in its hottest month and a low of 24.0°F in its coldest, with 49.6" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,214 cooling and 4,128 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
No other places of this size are published in Cumberland County.
Full Cumberland County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Burkesville?
A $115,000 home in Burkesville, Kentucky costs approximately $995 per month with 20% down at 6.66%. That is $591 principal and interest, $45 property tax, $60 homeowners insurance, $203 utilities and $96 set aside for maintenance.
What is the property tax rate in Burkesville?
Burkesville has an effective property tax rate of 0.472%, based on a median home value of $114,600 and median real estate taxes of $541. That is lower than the Cumberland County average of 0.611%.
What is the average home price in Burkesville?
The median owner-occupied home value in Burkesville, Kentucky is $114,600, against $128,600 across Cumberland County.
Is it cheaper to rent or buy in Burkesville?
Median gross rent in Burkesville is $505 a month, against $995 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 Burkesville — 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.