Total monthly cost of ownership
Cost to Own a Home in Greensburg, Kentucky
A $118,000 home here costs
$1,051per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $444 higher every month — 73% 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.
Greensburg against Green County and Kentucky
| Measure | Greensburg | Green County |
|---|---|---|
| Median home value | $117,700 | $118,900 |
| Median property tax | $972 | $752 |
| Effective tax rate | 0.826% | 0.632% |
| Median gross rent | $578 | $612 |
| Population | 2,218 | 11,278 |
The weather behind that power bill
Greensburg sits in Green County, which averages a high of 88.4°F in its hottest month and a low of 25.5°F in its coldest, with 51.72" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,354 cooling and 4,280 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Green County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Green County
No other places of this size are published in Green County.
Common questions
How much does it cost to own a home in Greensburg?
A $118,000 home in Greensburg, Kentucky costs approximately $1,051 per month with 20% down at 6.66%. That is $607 principal and interest, $81 property tax, $62 homeowners insurance, $203 utilities and $98 set aside for maintenance.
What is the property tax rate in Greensburg?
Greensburg has an effective property tax rate of 0.826%, based on a median home value of $117,700 and median real estate taxes of $972. That is higher than the Green County average of 0.632%.
What is the average home price in Greensburg?
The median owner-occupied home value in Greensburg, Kentucky is $117,700, against $118,900 across Green County.
Is it cheaper to rent or buy in Greensburg?
Median gross rent in Greensburg is $578 a month, against $1,051 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 Greensburg — 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.