Total monthly cost of ownership
Cost to Own a Home in Hazard, Kentucky
A $146,000 home here costs
$1,273per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $522 higher every month — 70% 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.
Hazard against Perry County and Kentucky
| Measure | Hazard | Perry County |
|---|---|---|
| Median home value | $146,100 | $90,700 |
| Median property tax | $1,452 | $661 |
| Effective tax rate | 0.994% | 0.729% |
| Median gross rent | $718 | $795 |
| Population | 5,105 | 27,847 |
The weather behind that power bill
Hazard sits in Perry County, which averages a high of 85.0°F in its hottest month and a low of 27.4°F in its coldest, with 51.89" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,236 cooling and 4,068 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Perry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Perry County
No other places of this size are published in Perry County.
Common questions
How much does it cost to own a home in Hazard?
A $146,000 home in Hazard, Kentucky costs approximately $1,273 per month with 20% down at 6.66%. That is $751 principal and interest, $121 property tax, $77 homeowners insurance, $203 utilities and $122 set aside for maintenance.
What is the property tax rate in Hazard?
Hazard has an effective property tax rate of 0.994%, based on a median home value of $146,100 and median real estate taxes of $1,452. That is higher than the Perry County average of 0.729%.
What is the average home price in Hazard?
The median owner-occupied home value in Hazard, Kentucky is $146,100, against $90,700 across Perry County.
Is it cheaper to rent or buy in Hazard?
Median gross rent in Hazard is $718 a month, against $1,273 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 Hazard — 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.