Total monthly cost of ownership
Cost to Own a Home in Fulton, Kentucky
A $61,000 home here costs
$643per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $314. The real number is $330 higher every month — 105% 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.
Fulton against Fulton County and Kentucky
| Measure | Fulton | Fulton County |
|---|---|---|
| Median home value | $61,200 | $78,100 |
| Median property tax | $531 | $562 |
| Effective tax rate | 0.868% | 0.720% |
| Median gross rent | $588 | $542 |
| Population | 2,345 | 6,440 |
The weather behind that power bill
Fulton sits in Fulton County, which averages a high of 87.0°F in its hottest month and a low of 26.5°F in its coldest, with 53.17" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,423 cooling and 4,021 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Fulton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fulton County
Full Fulton County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Fulton?
A $61,000 home in Fulton, Kentucky costs approximately $643 per month with 20% down at 6.66%. That is $314 principal and interest, $44 property tax, $32 homeowners insurance, $203 utilities and $51 set aside for maintenance.
What is the property tax rate in Fulton?
Fulton has an effective property tax rate of 0.868%, based on a median home value of $61,200 and median real estate taxes of $531. That is higher than the Fulton County average of 0.720%.
What is the average home price in Fulton?
The median owner-occupied home value in Fulton, Kentucky is $61,200, against $78,100 across Fulton County.
Is it cheaper to rent or buy in Fulton?
Median gross rent in Fulton is $588 a month, against $643 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 Fulton — 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.