Total monthly cost of ownership
Cost to Own a Home in Cold Spring, Kentucky
A $235,000 home here costs
$2,011per 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 $86,000 a year.
A standard mortgage calculator would have told you $1,281. The real number is $729 higher every month, 57% more than the payment most buyers budget for.
Compare Campbell County with anywhere in America · full county breakdown
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 $144 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
Talk to someone who works this market
These are Cold Spring 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 Cold Spring every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cold Spring I already own here and may sell
Common questions
How much does it cost to own a home in Cold Spring?
A $235,000 home in Cold Spring, Kentucky costs approximately $2,011 per month with 20% down at 7.24%. That is $1,281 principal and interest, $197 property tax, $124 homeowners insurance, $212 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 $2,011 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 Cold Spring?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cold Spring, Kentucky at today's rate takes a household income of roughly $86,000 a year. That covers the full $2,011 monthly cost, not just the mortgage payment.
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.