Total monthly cost of ownership
Cost to Own a Home in Hodgenville, Kentucky
A $137,000 home here costs
$1,224per 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 $52,500 a year.
A standard mortgage calculator would have told you $747. The real number is $477 higher every month, 64% more than the payment most buyers budget for.
Compare Larue County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hodgenville from a five-year rolling sample, and with about 3,262 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 Larue 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.
Hodgenville against Larue County and Kentucky
| Measure | Hodgenville | Larue County |
|---|---|---|
| Median home value | $137,100 | $177,500 |
| Median property tax | $944 | $1,118 |
| Effective tax rate | 0.689% | 0.630% |
| Median gross rent | $907 | $816 |
| Population | 3,262 | 15,028 |
The weather behind that power bill
Hodgenville sits in Larue County, which averages a high of 86.0°F in its hottest month and a low of 24.3°F in its coldest, with 54.38" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,136 cooling and 4,564 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Larue County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Larue County
No other places of this size are published in Larue County.
Talk to someone who works this market
These are Hodgenville 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 Hodgenville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hodgenville I already own here and may sell
Common questions
How much does it cost to own a home in Hodgenville?
A $137,000 home in Hodgenville, Kentucky costs approximately $1,224 per month with 20% down at 7.24%. That is $747 principal and interest, $79 property tax, $72 homeowners insurance, $212 utilities and $114 set aside for maintenance.
What is the property tax rate in Hodgenville?
Hodgenville has an effective property tax rate of 0.689%, based on a median home value of $137,100 and median real estate taxes of $944. That is higher than the Larue County average of 0.630%.
What is the average home price in Hodgenville?
The median owner-occupied home value in Hodgenville, Kentucky is $137,100, against $177,500 across Larue County.
Is it cheaper to rent or buy in Hodgenville?
Median gross rent in Hodgenville is $907 a month, against $1,224 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hodgenville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hodgenville, Kentucky at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,224 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hodgenville, 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.