Total monthly cost of ownership
Cost to Own a Home in Flatwoods, Kentucky
A $112,000 home here costs
$1,024per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $448 higher every month — 78% 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.
Flatwoods against Greenup County and Kentucky
| Measure | Flatwoods | Greenup County |
|---|---|---|
| Median home value | $112,200 | $135,300 |
| Median property tax | $1,116 | $1,273 |
| Effective tax rate | 0.995% | 0.941% |
| Median gross rent | $923 | $836 |
| Population | 7,281 | 35,639 |
The weather behind that power bill
Flatwoods sits in Greenup County, which averages a high of 85.5°F in its hottest month and a low of 23.5°F in its coldest, with 48.18" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 966 cooling and 4,763 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Greenup County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greenup County
Full Greenup County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Flatwoods?
A $112,000 home in Flatwoods, Kentucky costs approximately $1,024 per month with 20% down at 6.66%. That is $576 principal and interest, $93 property tax, $59 homeowners insurance, $203 utilities and $93 set aside for maintenance.
What is the property tax rate in Flatwoods?
Flatwoods has an effective property tax rate of 0.995%, based on a median home value of $112,200 and median real estate taxes of $1,116. That is higher than the Greenup County average of 0.941%.
What is the average home price in Flatwoods?
The median owner-occupied home value in Flatwoods, Kentucky is $112,200, against $135,300 across Greenup County.
Is it cheaper to rent or buy in Flatwoods?
Median gross rent in Flatwoods is $923 a month, against $1,024 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 Flatwoods — 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.