Total monthly cost of ownership
Cost to Own a Home in Irvine, Kentucky
A $123,000 home here costs
$1,079per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $447 higher every month — 71% 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.
Irvine against Estill County and Kentucky
| Measure | Irvine | Estill County |
|---|---|---|
| Median home value | $123,400 | $111,900 |
| Median property tax | $931 | $773 |
| Effective tax rate | 0.754% | 0.691% |
| Median gross rent | $639 | $689 |
| Population | 2,811 | 14,079 |
The weather behind that power bill
Irvine sits in Estill County, which averages a high of 85.3°F in its hottest month and a low of 22.6°F in its coldest, with 50.9" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,016 cooling and 4,746 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Estill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Estill County
No other places of this size are published in Estill County.
Full Estill County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Irvine?
A $123,000 home in Irvine, Kentucky costs approximately $1,079 per month with 20% down at 6.66%. That is $632 principal and interest, $77 property tax, $65 homeowners insurance, $203 utilities and $103 set aside for maintenance.
What is the property tax rate in Irvine?
Irvine has an effective property tax rate of 0.754%, based on a median home value of $123,400 and median real estate taxes of $931. That is higher than the Estill County average of 0.691%.
What is the average home price in Irvine?
The median owner-occupied home value in Irvine, Kentucky is $123,400, against $111,900 across Estill County.
Is it cheaper to rent or buy in Irvine?
Median gross rent in Irvine is $639 a month, against $1,079 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 Irvine — 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.