Total monthly cost of ownership
Cost to Own a Home in Dawson Springs, Kentucky
A $74,000 home here costs
$748per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $380. The real number is $367 higher every month — 97% 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.
Dawson Springs against Hopkins County and Kentucky
| Measure | Dawson Springs | Hopkins County |
|---|---|---|
| Median home value | $73,500 | $128,800 |
| Median property tax | $763 | $1,057 |
| Effective tax rate | 1.038% | 0.821% |
| Median gross rent | $546 | $841 |
| Population | 1,973 | 45,143 |
Dawson Springs extends across 2 counties. Figures here use Hopkins County, where most of its housing sits.
The weather behind that power bill
Dawson Springs sits in Hopkins County, which averages a high of 89.3°F in its hottest month and a low of 28.3°F in its coldest, with 52.21" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,763 cooling and 3,749 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Hopkins County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hopkins County
Full Hopkins County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Dawson Springs?
A $74,000 home in Dawson Springs, Kentucky costs approximately $748 per month with 20% down at 6.66%. That is $380 principal and interest, $64 property tax, $39 homeowners insurance, $203 utilities and $62 set aside for maintenance.
What is the property tax rate in Dawson Springs?
Dawson Springs has an effective property tax rate of 1.038%, based on a median home value of $73,500 and median real estate taxes of $763. That is higher than the Hopkins County average of 0.821%.
What is the average home price in Dawson Springs?
The median owner-occupied home value in Dawson Springs, Kentucky is $73,500, against $128,800 across Hopkins County.
Is it cheaper to rent or buy in Dawson Springs?
Median gross rent in Dawson Springs is $546 a month, against $748 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 Dawson 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.