Total monthly cost of ownership
Cost to Own a Home in Greenville, Kentucky
A $119,000 home here costs
$1,084per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $473 higher every month — 77% 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.
Greenville against Muhlenberg County and Kentucky
| Measure | Greenville | Muhlenberg County |
|---|---|---|
| Median home value | $118,500 | $121,300 |
| Median property tax | $1,292 | $842 |
| Effective tax rate | 1.090% | 0.694% |
| Median gross rent | $666 | $712 |
| Population | 4,435 | 30,712 |
The weather behind that power bill
Greenville sits in Muhlenberg County, which averages a high of 89.0°F in its hottest month and a low of 23.5°F in its coldest, with 50.82" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,263 cooling and 4,499 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Muhlenberg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Muhlenberg County
Full Muhlenberg County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Greenville?
A $119,000 home in Greenville, Kentucky costs approximately $1,084 per month with 20% down at 6.66%. That is $612 principal and interest, $108 property tax, $63 homeowners insurance, $203 utilities and $99 set aside for maintenance.
What is the property tax rate in Greenville?
Greenville has an effective property tax rate of 1.090%, based on a median home value of $118,500 and median real estate taxes of $1,292. That is higher than the Muhlenberg County average of 0.694%.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, Kentucky is $118,500, against $121,300 across Muhlenberg County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $666 a month, against $1,084 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 Greenville — 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.