Total monthly cost of ownership
Cost to Own a Home in Harrodsburg, Kentucky
A $145,000 home here costs
$1,253per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $508 higher every month — 68% 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.
Harrodsburg against Mercer County and Kentucky
| Measure | Harrodsburg | Mercer County |
|---|---|---|
| Median home value | $145,100 | $189,700 |
| Median property tax | $1,296 | $1,553 |
| Effective tax rate | 0.893% | 0.819% |
| Median gross rent | $738 | $802 |
| Population | 9,126 | 22,824 |
The weather behind that power bill
Harrodsburg sits in Mercer County, which averages a high of 86.4°F in its hottest month and a low of 27.3°F in its coldest, with 45.89" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,288 cooling and 4,180 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Mercer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mercer County
Full Mercer County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Harrodsburg?
A $145,000 home in Harrodsburg, Kentucky costs approximately $1,253 per month with 20% down at 6.66%. That is $745 principal and interest, $108 property tax, $76 homeowners insurance, $203 utilities and $121 set aside for maintenance.
What is the property tax rate in Harrodsburg?
Harrodsburg has an effective property tax rate of 0.893%, based on a median home value of $145,100 and median real estate taxes of $1,296. That is higher than the Mercer County average of 0.819%.
What is the average home price in Harrodsburg?
The median owner-occupied home value in Harrodsburg, Kentucky is $145,100, against $189,700 across Mercer County.
Is it cheaper to rent or buy in Harrodsburg?
Median gross rent in Harrodsburg is $738 a month, against $1,253 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 Harrodsburg — 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.