Total monthly cost of ownership
Cost to Own a Home in Crescent Springs, Kentucky
A $289,000 home here costs
$2,408per 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 $103,000 a year.
A standard mortgage calculator would have told you $1,576. The real number is $833 higher every month, 53% more than the payment most buyers budget for.
Compare Kenton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Crescent Springs from a five-year rolling sample, and with about 4,402 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Kenton County figures are drawn from a far larger sample if you want a steadier number.
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 $144 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
Talk to someone who works this market
These are Crescent Springs 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 Crescent Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Crescent Springs I already own here and may sell
Common questions
How much does it cost to own a home in Crescent Springs?
A $289,000 home in Crescent Springs, Kentucky costs approximately $2,408 per month with 20% down at 7.24%. That is $1,576 principal and interest, $227 property tax, $152 homeowners insurance, $212 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 $2,408 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 Crescent Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Crescent Springs, Kentucky at today's rate takes a household income of roughly $103,000 a year. That covers the full $2,408 monthly cost, not just the mortgage payment.
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.