Total monthly cost of ownership
Cost to Own a Home in Hendron, Kentucky
A $198,000 home here costs
$1,678per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $72,000 a year.
A standard mortgage calculator would have told you $1,079. The real number is $598 higher every month, 55% more than the payment most buyers budget for.
Compare McCracken County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hendron from a five-year rolling sample, and with about 4,840 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The McCracken County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hendron against McCracken County and Kentucky
| Measure | Hendron | McCracken County |
|---|---|---|
| Median home value | $197,900 | $182,900 |
| Median property tax | $1,400 | $1,342 |
| Effective tax rate | 0.707% | 0.734% |
| Median gross rent | — | $861 |
| Population | 4,840 | 67,584 |
The weather behind that power bill
Hendron sits in McCracken County, which averages a high of 89.9°F in its hottest month and a low of 27.3°F in its coldest, with 50.32" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,683 cooling and 3,925 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for McCracken County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McCracken County
Full McCracken County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Hendron averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hendron every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hendron I already own here and may sell
Common questions
How much does it cost to own a home in Hendron?
A $198,000 home in Hendron, Kentucky costs approximately $1,678 per month with 20% down at 7.24%. That is $1,079 principal and interest, $117 property tax, $104 homeowners insurance, $212 utilities and $165 set aside for maintenance.
What is the property tax rate in Hendron?
Hendron has an effective property tax rate of 0.707%, based on a median home value of $197,900 and median real estate taxes of $1,400. That is lower than the McCracken County average of 0.734%.
What is the average home price in Hendron?
The median owner-occupied home value in Hendron, Kentucky is $197,900, against $182,900 across McCracken County.
Is it cheaper to rent or buy in Hendron?
Rent data is not published for Hendron at this level of detail.
What salary do you need to buy a home in Hendron?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hendron, Kentucky at today's rate takes a household income of roughly $72,000 a year. That covers the full $1,678 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hendron, 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.