Total monthly cost of ownership
Cost to Own a Home in Irvington, Kentucky
A $114,000 home here costs
$1,014per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $586. The real number is $428 higher every month — 73% 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.
Irvington against Breckinridge County and Kentucky
| Measure | Irvington | Breckinridge County |
|---|---|---|
| Median home value | $113,500 | $141,400 |
| Median property tax | $842 | $855 |
| Effective tax rate | 0.742% | 0.605% |
| Median gross rent | $667 | $730 |
| Population | 1,129 | 20,722 |
The weather behind that power bill
Irvington sits in Breckinridge County, which averages a high of 84.6°F in its hottest month and a low of 23.9°F in its coldest, with 52.78" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,140 cooling and 4,600 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Breckinridge County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Breckinridge County
Full Breckinridge County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Irvington?
A $114,000 home in Irvington, Kentucky costs approximately $1,014 per month with 20% down at 6.66%. That is $586 principal and interest, $70 property tax, $60 homeowners insurance, $203 utilities and $95 set aside for maintenance.
What is the property tax rate in Irvington?
Irvington has an effective property tax rate of 0.742%, based on a median home value of $113,500 and median real estate taxes of $842. That is higher than the Breckinridge County average of 0.605%.
What is the average home price in Irvington?
The median owner-occupied home value in Irvington, Kentucky is $113,500, against $141,400 across Breckinridge County.
Is it cheaper to rent or buy in Irvington?
Median gross rent in Irvington is $667 a month, against $1,014 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 Irvington — 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.