Total monthly cost of ownership
Cost to Own a Home in Flemingsburg, Kentucky
A $123,000 home here costs
$1,073per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $441 higher every month — 70% 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.
Flemingsburg against Fleming County and Kentucky
| Measure | Flemingsburg | Fleming County |
|---|---|---|
| Median home value | $123,200 | $115,200 |
| Median property tax | $854 | $824 |
| Effective tax rate | 0.693% | 0.715% |
| Median gross rent | $641 | $677 |
| Population | 2,967 | 15,221 |
The weather behind that power bill
Flemingsburg sits in Fleming County, which averages a high of 86.0°F in its hottest month and a low of 22.9°F in its coldest, with 49.82" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,094 cooling and 4,846 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Fleming County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fleming County
No other places of this size are published in Fleming County.
Full Fleming County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Flemingsburg?
A $123,000 home in Flemingsburg, Kentucky costs approximately $1,073 per month with 20% down at 6.66%. That is $632 principal and interest, $71 property tax, $65 homeowners insurance, $203 utilities and $103 set aside for maintenance.
What is the property tax rate in Flemingsburg?
Flemingsburg has an effective property tax rate of 0.693%, based on a median home value of $123,200 and median real estate taxes of $854. That is lower than the Fleming County average of 0.715%.
What is the average home price in Flemingsburg?
The median owner-occupied home value in Flemingsburg, Kentucky is $123,200, against $115,200 across Fleming County.
Is it cheaper to rent or buy in Flemingsburg?
Median gross rent in Flemingsburg is $641 a month, against $1,073 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 Flemingsburg — 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.