Total monthly cost of ownership
Cost to Own a Home in Lebanon Junction, Kentucky
A $135,000 home here costs
$1,236per 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 $53,000 a year.
A standard mortgage calculator would have told you $736. The real number is $500 higher every month, 68% more than the payment most buyers budget for.
Compare Bullitt County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lebanon Junction from a five-year rolling sample, and with about 2,201 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 Bullitt 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.
Lebanon Junction against Bullitt County and Kentucky
| Measure | Lebanon Junction | Bullitt County |
|---|---|---|
| Median home value | $134,700 | $233,700 |
| Median property tax | $1,241 | $1,994 |
| Effective tax rate | 0.921% | 0.853% |
| Median gross rent | $801 | $973 |
| Population | 2,201 | 83,209 |
The weather behind that power bill
Lebanon Junction sits in Bullitt County, which averages a high of 87.7°F in its hottest month and a low of 26.0°F in its coldest, with 52.55" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,333 cooling and 4,128 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Bullitt County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bullitt County
Full Bullitt County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Lebanon Junction 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 Lebanon Junction every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lebanon Junction I already own here and may sell
Common questions
How much does it cost to own a home in Lebanon Junction?
A $135,000 home in Lebanon Junction, Kentucky costs approximately $1,236 per month with 20% down at 7.24%. That is $736 principal and interest, $104 property tax, $71 homeowners insurance, $212 utilities and $113 set aside for maintenance.
What is the property tax rate in Lebanon Junction?
Lebanon Junction has an effective property tax rate of 0.921%, based on a median home value of $134,700 and median real estate taxes of $1,241. That is higher than the Bullitt County average of 0.853%.
What is the average home price in Lebanon Junction?
The median owner-occupied home value in Lebanon Junction, Kentucky is $134,700, against $233,700 across Bullitt County.
Is it cheaper to rent or buy in Lebanon Junction?
Median gross rent in Lebanon Junction is $801 a month, against $1,236 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 Lebanon Junction?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lebanon Junction, Kentucky at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,236 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lebanon Junction, 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.