Total monthly cost of ownership
Cost to Own a Home in Carlisle, Kentucky
A $103,000 home here costs
$973per 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 $41,500 a year.
A standard mortgage calculator would have told you $562. The real number is $412 higher every month, 73% more than the payment most buyers budget for.
Compare Nicholas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Carlisle from a five-year rolling sample, and with about 2,356 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 Nicholas 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.
Carlisle against Nicholas County and Kentucky
| Measure | Carlisle | Nicholas County |
|---|---|---|
| Median home value | $103,300 | $119,600 |
| Median property tax | $714 | $679 |
| Effective tax rate | 0.691% | 0.568% |
| Median gross rent | $620 | $654 |
| Population | 2,356 | 7,655 |
The weather behind that power bill
Carlisle sits in Nicholas County, which averages a high of 86.7°F in its hottest month and a low of 22.7°F in its coldest, with 47.73" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,124 cooling and 4,827 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Nicholas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Nicholas County
No other places of this size are published in Nicholas County.
Full Nicholas County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Carlisle 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 Carlisle every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Carlisle I already own here and may sell
Common questions
How much does it cost to own a home in Carlisle?
A $103,000 home in Carlisle, Kentucky costs approximately $973 per month with 20% down at 7.24%. That is $562 principal and interest, $59 property tax, $54 homeowners insurance, $212 utilities and $86 set aside for maintenance.
What is the property tax rate in Carlisle?
Carlisle has an effective property tax rate of 0.691%, based on a median home value of $103,300 and median real estate taxes of $714. That is higher than the Nicholas County average of 0.568%.
What is the average home price in Carlisle?
The median owner-occupied home value in Carlisle, Kentucky is $103,300, against $119,600 across Nicholas County.
Is it cheaper to rent or buy in Carlisle?
Median gross rent in Carlisle is $620 a month, against $973 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 Carlisle?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Carlisle, Kentucky at today's rate takes a household income of roughly $41,500 a year. That covers the full $973 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Carlisle, 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.