Total monthly cost of ownership
Cost to Own a Home in Cannonsburg, Kentucky
A $184,000 home here costs
$1,592per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $68,000 a year.
A standard mortgage calculator would have told you $1,003. The real number is $589 higher every month, 59% more than the payment most buyers budget for.
Compare Boyd County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cannonsburg from a five-year rolling sample, and with about 1,426 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Boyd County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cannonsburg against Boyd County and Kentucky
| Measure | Cannonsburg | Boyd County |
|---|---|---|
| Median home value | $183,700 | $126,300 |
| Median property tax | $1,516 | $1,233 |
| Effective tax rate | 0.825% | 0.976% |
| Median gross rent | $852 | $839 |
| Population | 1,426 | 48,043 |
The weather behind that power bill
Cannonsburg sits in Boyd County, which averages a high of 86.4°F in its hottest month and a low of 26.4°F in its coldest, with 45.1" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,234 cooling and 4,321 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Boyd County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boyd County
Talk to someone who works this market
These are Cannonsburg averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Cannonsburg every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Cannonsburg?
A $184,000 home in Cannonsburg, Kentucky costs approximately $1,592 per month with 20% down at 7.24%. That is $1,003 principal and interest, $127 property tax, $97 homeowners insurance, $212 utilities and $153 set aside for maintenance.
What is the property tax rate in Cannonsburg?
Cannonsburg has an effective property tax rate of 0.825%, based on a median home value of $183,700 and median real estate taxes of $1,516. That is lower than the Boyd County average of 0.976%.
What is the average home price in Cannonsburg?
The median owner-occupied home value in Cannonsburg, Kentucky is $183,700, against $126,300 across Boyd County.
Is it cheaper to rent or buy in Cannonsburg?
Median gross rent in Cannonsburg is $852 a month, against $1,592 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Cannonsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cannonsburg, Kentucky at today's rate takes a household income of roughly $68,000 a year. That covers the full $1,592 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cannonsburg, 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.