Total monthly cost of ownership
Cost to Own a Home in Glasgow, Kentucky
A $148,000 home here costs
$1,268per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $761. The real number is $508 higher every month — 67% 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.
Glasgow against Barren County and Kentucky
| Measure | Glasgow | Barren County |
|---|---|---|
| Median home value | $147,700 | $166,900 |
| Median property tax | $1,242 | $1,212 |
| Effective tax rate | 0.841% | 0.726% |
| Median gross rent | $836 | $784 |
| Population | 15,141 | 44,670 |
The weather behind that power bill
Glasgow sits in Barren County, which averages a high of 90.3°F in its hottest month and a low of 29.0°F in its coldest, with 54.88" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,637 cooling and 3,616 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Barren County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barren County
Full Barren County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Glasgow?
A $148,000 home in Glasgow, Kentucky costs approximately $1,268 per month with 20% down at 6.66%. That is $761 principal and interest, $104 property tax, $78 homeowners insurance, $203 utilities and $123 set aside for maintenance.
What is the property tax rate in Glasgow?
Glasgow has an effective property tax rate of 0.841%, based on a median home value of $147,700 and median real estate taxes of $1,242. That is higher than the Barren County average of 0.726%.
What is the average home price in Glasgow?
The median owner-occupied home value in Glasgow, Kentucky is $147,700, against $166,900 across Barren County.
Is it cheaper to rent or buy in Glasgow?
Median gross rent in Glasgow is $836 a month, against $1,268 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 Glasgow — 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.