Total monthly cost of ownership
Cost to Own a Home in Cave City, Kentucky
A $108,000 home here costs
$977per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $555. The real number is $422 higher every month — 76% 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.
Cave City against Barren County and Kentucky
| Measure | Cave City | Barren County |
|---|---|---|
| Median home value | $108,100 | $166,900 |
| Median property tax | $872 | $1,212 |
| Effective tax rate | 0.807% | 0.726% |
| Median gross rent | $679 | $784 |
| Population | 2,545 | 44,670 |
The weather behind that power bill
Cave City sits in Barren County, which averages a high of 90.3°F in its hottest month and a low of 29.0°F in its coldest, with 54.88" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,637 cooling and 3,616 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Barren County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barren County
Full Barren County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Cave City?
A $108,000 home in Cave City, Kentucky costs approximately $977 per month with 20% down at 6.66%. That is $555 principal and interest, $73 property tax, $57 homeowners insurance, $203 utilities and $90 set aside for maintenance.
What is the property tax rate in Cave City?
Cave City has an effective property tax rate of 0.807%, based on a median home value of $108,100 and median real estate taxes of $872. That is higher than the Barren County average of 0.726%.
What is the average home price in Cave City?
The median owner-occupied home value in Cave City, Kentucky is $108,100, against $166,900 across Barren County.
Is it cheaper to rent or buy in Cave City?
Median gross rent in Cave City is $679 a month, against $977 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 Cave 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.