Total monthly cost of ownership
Cost to Own a Home in Eddyville, Kentucky
A $189,000 home here costs
$1,538per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $972. The real number is $567 higher every month — 58% 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.
Eddyville against Lyon County and Kentucky
| Measure | Eddyville | Lyon County |
|---|---|---|
| Median home value | $188,500 | $183,600 |
| Median property tax | $1,284 | $1,016 |
| Effective tax rate | 0.681% | 0.553% |
| Median gross rent | $745 | $809 |
| Population | 2,945 | 8,831 |
The weather behind that power bill
Eddyville sits in Lyon County, which averages a high of 90.3°F in its hottest month and a low of 29.8°F in its coldest, with 53.1" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,902 cooling and 3,354 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Lyon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lyon County
No other places of this size are published in Lyon County.
Common questions
How much does it cost to own a home in Eddyville?
A $189,000 home in Eddyville, Kentucky costs approximately $1,538 per month with 20% down at 6.66%. That is $972 principal and interest, $107 property tax, $99 homeowners insurance, $203 utilities and $158 set aside for maintenance.
What is the property tax rate in Eddyville?
Eddyville has an effective property tax rate of 0.681%, based on a median home value of $188,500 and median real estate taxes of $1,284. That is higher than the Lyon County average of 0.553%.
What is the average home price in Eddyville?
The median owner-occupied home value in Eddyville, Kentucky is $188,500, against $183,600 across Lyon County.
Is it cheaper to rent or buy in Eddyville?
Median gross rent in Eddyville is $745 a month, against $1,538 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 Eddyville — 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.