Total monthly cost of ownership
Cost to Own a Home in Cold Spring, Kentucky
A $235,000 home here costs
$1,928per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,208. The real number is $719 higher every month — 60% 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.
Cold Spring against Campbell County and Kentucky
| Measure | Cold Spring | Campbell County |
|---|---|---|
| Median home value | $235,200 | $234,500 |
| Median property tax | $2,370 | $2,495 |
| Effective tax rate | 1.008% | 1.064% |
| Median gross rent | $1,185 | $1,079 |
| Population | 6,298 | 93,193 |
The weather behind that power bill
Cold Spring sits in Campbell County, which averages a high of 86.6°F in its hottest month and a low of 23.6°F in its coldest, with 43.4" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,126 cooling and 4,804 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Campbell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Campbell County
Full Campbell County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Cold Spring?
A $235,000 home in Cold Spring, Kentucky costs approximately $1,928 per month with 20% down at 6.66%. That is $1,208 principal and interest, $197 property tax, $124 homeowners insurance, $203 utilities and $196 set aside for maintenance.
What is the property tax rate in Cold Spring?
Cold Spring has an effective property tax rate of 1.008%, based on a median home value of $235,200 and median real estate taxes of $2,370. That is lower than the Campbell County average of 1.064%.
What is the average home price in Cold Spring?
The median owner-occupied home value in Cold Spring, Kentucky is $235,200, against $234,500 across Campbell County.
Is it cheaper to rent or buy in Cold Spring?
Median gross rent in Cold Spring is $1,185 a month, against $1,928 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 Cold Spring — 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.