Total monthly cost of ownership
Cost to Own a Home in Eminence, Kentucky
A $171,000 home here costs
$1,430per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $551 higher every month — 63% 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.
Eminence against Henry County and Kentucky
| Measure | Eminence | Henry County |
|---|---|---|
| Median home value | $171,300 | $181,300 |
| Median property tax | $1,397 | $1,489 |
| Effective tax rate | 0.816% | 0.821% |
| Median gross rent | $792 | $871 |
| Population | 2,710 | 15,774 |
The weather behind that power bill
Eminence sits in Henry County, which averages a high of 87.6°F in its hottest month and a low of 25.1°F in its coldest, with 47.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,332 cooling and 4,386 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Henry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henry County
Common questions
How much does it cost to own a home in Eminence?
A $171,000 home in Eminence, Kentucky costs approximately $1,430 per month with 20% down at 6.66%. That is $879 principal and interest, $116 property tax, $90 homeowners insurance, $203 utilities and $143 set aside for maintenance.
What is the property tax rate in Eminence?
Eminence has an effective property tax rate of 0.816%, based on a median home value of $171,300 and median real estate taxes of $1,397. That is in line with the Henry County average of 0.821%.
What is the average home price in Eminence?
The median owner-occupied home value in Eminence, Kentucky is $171,300, against $181,300 across Henry County.
Is it cheaper to rent or buy in Eminence?
Median gross rent in Eminence is $792 a month, against $1,430 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 Eminence — 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.