Total monthly cost of ownership
Cost to Own a Home in Calvert City, Kentucky
A $157,000 home here costs
$1,319per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $807. The real number is $512 higher every month — 63% 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.
Calvert City against Marshall County and Kentucky
| Measure | Calvert City | Marshall County |
|---|---|---|
| Median home value | $157,400 | $173,700 |
| Median property tax | $1,151 | $1,246 |
| Effective tax rate | 0.731% | 0.717% |
| Median gross rent | $820 | $773 |
| Population | 2,522 | 31,728 |
The weather behind that power bill
Calvert City sits in Marshall County, which averages a high of 89.9°F in its hottest month and a low of 27.3°F in its coldest, with 50.32" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,683 cooling and 3,925 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Calvert City?
A $157,000 home in Calvert City, Kentucky costs approximately $1,319 per month with 20% down at 6.66%. That is $807 principal and interest, $96 property tax, $83 homeowners insurance, $203 utilities and $131 set aside for maintenance.
What is the property tax rate in Calvert City?
Calvert City has an effective property tax rate of 0.731%, based on a median home value of $157,400 and median real estate taxes of $1,151. That is higher than the Marshall County average of 0.717%.
What is the average home price in Calvert City?
The median owner-occupied home value in Calvert City, Kentucky is $157,400, against $173,700 across Marshall County.
Is it cheaper to rent or buy in Calvert City?
Median gross rent in Calvert City is $820 a month, against $1,319 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 Calvert City — 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.