Total monthly cost of ownership
Cost to Own a Home in Carrollton, Kentucky
A $122,000 home here costs
$1,085per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $627. The real number is $458 higher every month — 73% 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.
Carrollton against Carroll County and Kentucky
| Measure | Carrollton | Carroll County |
|---|---|---|
| Median home value | $122,400 | $129,800 |
| Median property tax | $1,079 | $982 |
| Effective tax rate | 0.882% | 0.757% |
| Median gross rent | $862 | $853 |
| Population | 3,894 | 10,878 |
The weather behind that power bill
Carrollton sits in Carroll County, which averages a high of 88.5°F in its hottest month and a low of 25.4°F in its coldest, with 48.48" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,381 cooling and 4,410 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Carroll County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
No other places of this size are published in Carroll County.
Full Carroll County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Carrollton?
A $122,000 home in Carrollton, Kentucky costs approximately $1,085 per month with 20% down at 6.66%. That is $627 principal and interest, $90 property tax, $64 homeowners insurance, $203 utilities and $102 set aside for maintenance.
What is the property tax rate in Carrollton?
Carrollton has an effective property tax rate of 0.882%, based on a median home value of $122,400 and median real estate taxes of $1,079. That is higher than the Carroll County average of 0.757%.
What is the average home price in Carrollton?
The median owner-occupied home value in Carrollton, Kentucky is $122,400, against $129,800 across Carroll County.
Is it cheaper to rent or buy in Carrollton?
Median gross rent in Carrollton is $862 a month, against $1,085 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 Carrollton — 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.