Total monthly cost of ownership
Cost to Own a Home in Henderson, Kentucky
A $151,000 home here costs
$1,312per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $776. The real number is $536 higher every month — 69% 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.
Henderson against Henderson County and Kentucky
| Measure | Henderson | Henderson County |
|---|---|---|
| Median home value | $151,400 | $165,700 |
| Median property tax | $1,536 | $1,455 |
| Effective tax rate | 1.015% | 0.878% |
| Median gross rent | $788 | $794 |
| Population | 27,994 | 44,493 |
The weather behind that power bill
Henderson sits in Henderson County, which averages a high of 87.5°F in its hottest month and a low of 23.9°F in its coldest, with 47.56" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,418 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Henderson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henderson County
No other places of this size are published in Henderson County.
Full Henderson County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Henderson?
A $151,000 home in Henderson, Kentucky costs approximately $1,312 per month with 20% down at 6.66%. That is $776 principal and interest, $128 property tax, $79 homeowners insurance, $203 utilities and $126 set aside for maintenance.
What is the property tax rate in Henderson?
Henderson has an effective property tax rate of 1.015%, based on a median home value of $151,400 and median real estate taxes of $1,536. That is higher than the Henderson County average of 0.878%.
What is the average home price in Henderson?
The median owner-occupied home value in Henderson, Kentucky is $151,400, against $165,700 across Henderson County.
Is it cheaper to rent or buy in Henderson?
Median gross rent in Henderson is $788 a month, against $1,312 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 Henderson — 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.