Total monthly cost of ownership
Cost to Own a Home in Danville, Kentucky
A $202,000 home here costs
$1,666per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,038. The real number is $628 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.
Danville against Boyle County and Kentucky
| Measure | Danville | Boyle County |
|---|---|---|
| Median home value | $202,200 | $200,700 |
| Median property tax | $1,805 | $1,712 |
| Effective tax rate | 0.893% | 0.853% |
| Median gross rent | $767 | $770 |
| Population | 17,235 | 30,708 |
The weather behind that power bill
Danville sits in Boyle County, which averages a high of 86.5°F in its hottest month and a low of 23.3°F in its coldest, with 47.85" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,169 cooling and 4,634 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Boyle County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boyle County
Common questions
How much does it cost to own a home in Danville?
A $202,000 home in Danville, Kentucky costs approximately $1,666 per month with 20% down at 6.66%. That is $1,038 principal and interest, $150 property tax, $106 homeowners insurance, $203 utilities and $168 set aside for maintenance.
What is the property tax rate in Danville?
Danville has an effective property tax rate of 0.893%, based on a median home value of $202,200 and median real estate taxes of $1,805. That is higher than the Boyle County average of 0.853%.
What is the average home price in Danville?
The median owner-occupied home value in Danville, Kentucky is $202,200, against $200,700 across Boyle County.
Is it cheaper to rent or buy in Danville?
Median gross rent in Danville is $767 a month, against $1,666 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 Danville — 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.