Total monthly cost of ownership
Cost to Own a Home in Leitchfield, Kentucky
A $157,000 home here costs
$1,354per 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 $58,000 a year.
A standard mortgage calculator would have told you $856. The real number is $498 higher every month, 58% more than the payment most buyers budget for.
Compare Grayson County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Leitchfield against Grayson County and Kentucky
| Measure | Leitchfield | Grayson County |
|---|---|---|
| Median home value | $156,700 | $160,100 |
| Median property tax | $870 | $896 |
| Effective tax rate | 0.555% | 0.560% |
| Median gross rent | $588 | $653 |
| Population | 6,434 | 26,586 |
The weather behind that power bill
Leitchfield sits in Grayson County, which averages a high of 85.5°F in its hottest month and a low of 20.8°F in its coldest, with 49.81" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 969 cooling and 5,010 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Grayson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grayson County
Full Grayson County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Leitchfield 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 Leitchfield every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Leitchfield I already own here and may sell
Common questions
How much does it cost to own a home in Leitchfield?
A $157,000 home in Leitchfield, Kentucky costs approximately $1,354 per month with 20% down at 7.24%. That is $856 principal and interest, $73 property tax, $83 homeowners insurance, $212 utilities and $131 set aside for maintenance.
What is the property tax rate in Leitchfield?
Leitchfield has an effective property tax rate of 0.555%, based on a median home value of $156,700 and median real estate taxes of $870. That is in line with the Grayson County average of 0.560%.
What is the average home price in Leitchfield?
The median owner-occupied home value in Leitchfield, Kentucky is $156,700, against $160,100 across Grayson County.
Is it cheaper to rent or buy in Leitchfield?
Median gross rent in Leitchfield is $588 a month, against $1,354 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 Leitchfield?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Leitchfield, Kentucky at today's rate takes a household income of roughly $58,000 a year. That covers the full $1,354 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Leitchfield, 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.