Total monthly cost of ownership
Cost to Own a Home in Hebron, Kentucky
A $216,000 home here costs
$1,765per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $654 higher every month — 59% 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.
Hebron against Boone County and Kentucky
| Measure | Hebron | Boone County |
|---|---|---|
| Median home value | $216,400 | $253,200 |
| Median property tax | $1,897 | $2,273 |
| Effective tax rate | 0.877% | 0.898% |
| Median gross rent | $1,402 | $1,253 |
| Population | 6,637 | 137,676 |
The weather behind that power bill
Hebron sits in Boone County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Boone County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
Common questions
How much does it cost to own a home in Hebron?
A $216,000 home in Hebron, Kentucky costs approximately $1,765 per month with 20% down at 6.66%. That is $1,110 principal and interest, $158 property tax, $114 homeowners insurance, $203 utilities and $180 set aside for maintenance.
What is the property tax rate in Hebron?
Hebron has an effective property tax rate of 0.877%, based on a median home value of $216,400 and median real estate taxes of $1,897. That is lower than the Boone County average of 0.898%.
What is the average home price in Hebron?
The median owner-occupied home value in Hebron, Kentucky is $216,400, against $253,200 across Boone County.
Is it cheaper to rent or buy in Hebron?
Median gross rent in Hebron is $1,402 a month, against $1,765 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 Hebron — 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.