Total monthly cost of ownership
Cost to Own a Home in Dry Ridge, Kentucky
A $193,000 home here costs
$1,602per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $610 higher every month — 61% 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.
Dry Ridge against Grant County and Kentucky
| Measure | Dry Ridge | Grant County |
|---|---|---|
| Median home value | $193,200 | $185,500 |
| Median property tax | $1,737 | $1,339 |
| Effective tax rate | 0.899% | 0.722% |
| Median gross rent | $785 | $855 |
| Population | 2,250 | 25,238 |
The weather behind that power bill
Dry Ridge sits in Grant County, which averages a high of 87.1°F in its hottest month and a low of 25.0°F in its coldest, with 45.86" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,276 cooling and 4,392 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
Common questions
How much does it cost to own a home in Dry Ridge?
A $193,000 home in Dry Ridge, Kentucky costs approximately $1,602 per month with 20% down at 6.66%. That is $992 principal and interest, $145 property tax, $101 homeowners insurance, $203 utilities and $161 set aside for maintenance.
What is the property tax rate in Dry Ridge?
Dry Ridge has an effective property tax rate of 0.899%, based on a median home value of $193,200 and median real estate taxes of $1,737. That is higher than the Grant County average of 0.722%.
What is the average home price in Dry Ridge?
The median owner-occupied home value in Dry Ridge, Kentucky is $193,200, against $185,500 across Grant County.
Is it cheaper to rent or buy in Dry Ridge?
Median gross rent in Dry Ridge is $785 a month, against $1,602 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 Dry Ridge — 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.