Total monthly cost of ownership
Cost to Own a Home in Jenkins, Kentucky
A $66,000 home here costs
$682per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $339. The real number is $342 higher every month — 101% 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.
Jenkins against Letcher County and Kentucky
| Measure | Jenkins | Letcher County |
|---|---|---|
| Median home value | $65,600 | $70,500 |
| Median property tax | $596 | $657 |
| Effective tax rate | 0.909% | 0.932% |
| Median gross rent | $535 | $651 |
| Population | 1,569 | 21,146 |
The weather behind that power bill
Jenkins sits in Letcher County, which averages a high of 81.8°F in its hottest month and a low of 24.1°F in its coldest, with 50.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 712 cooling and 4,734 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Letcher County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Letcher County
Full Letcher County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Jenkins?
A $66,000 home in Jenkins, Kentucky costs approximately $682 per month with 20% down at 6.66%. That is $339 principal and interest, $50 property tax, $35 homeowners insurance, $203 utilities and $55 set aside for maintenance.
What is the property tax rate in Jenkins?
Jenkins has an effective property tax rate of 0.909%, based on a median home value of $65,600 and median real estate taxes of $596. That is lower than the Letcher County average of 0.932%.
What is the average home price in Jenkins?
The median owner-occupied home value in Jenkins, Kentucky is $65,600, against $70,500 across Letcher County.
Is it cheaper to rent or buy in Jenkins?
Median gross rent in Jenkins is $535 a month, against $682 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 Jenkins — 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.