Total monthly cost of ownership
Cost to Own a Home in Crescent Springs, Kentucky
A $289,000 home here costs
$2,309per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,486. The real number is $823 higher every month — 55% 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.
Crescent Springs against Kenton County and Kentucky
| Measure | Crescent Springs | Kenton County |
|---|---|---|
| Median home value | $289,300 | $227,500 |
| Median property tax | $2,731 | $2,284 |
| Effective tax rate | 0.944% | 1.004% |
| Median gross rent | $885 | $1,018 |
| Population | 4,402 | 169,817 |
The weather behind that power bill
Crescent Springs sits in Kenton County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Kenton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kenton County
Full Kenton County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Crescent Springs?
A $289,000 home in Crescent Springs, Kentucky costs approximately $2,309 per month with 20% down at 6.66%. That is $1,486 principal and interest, $227 property tax, $152 homeowners insurance, $203 utilities and $241 set aside for maintenance.
What is the property tax rate in Crescent Springs?
Crescent Springs has an effective property tax rate of 0.944%, based on a median home value of $289,300 and median real estate taxes of $2,731. That is lower than the Kenton County average of 1.004%.
What is the average home price in Crescent Springs?
The median owner-occupied home value in Crescent Springs, Kentucky is $289,300, against $227,500 across Kenton County.
Is it cheaper to rent or buy in Crescent Springs?
Median gross rent in Crescent Springs is $885 a month, against $2,309 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 Crescent Springs — 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.