Total monthly cost of ownership
Cost to Own a Home in Marion, Kentucky
A $104,000 home here costs
$926per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $535. The real number is $392 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.
Marion against Crittenden County and Kentucky
| Measure | Marion | Crittenden County |
|---|---|---|
| Median home value | $104,100 | $115,700 |
| Median property tax | $571 | $650 |
| Effective tax rate | 0.549% | 0.562% |
| Median gross rent | $577 | $618 |
| Population | 2,908 | 8,972 |
The weather behind that power bill
Marion sits in Crittenden County, which averages a high of 86.4°F in its hottest month and a low of 22.4°F in its coldest, with 50.89" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,131 cooling and 4,803 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Crittenden County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crittenden County
No other places of this size are published in Crittenden County.
Full Crittenden County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Marion?
A $104,000 home in Marion, Kentucky costs approximately $926 per month with 20% down at 6.66%. That is $535 principal and interest, $48 property tax, $55 homeowners insurance, $203 utilities and $87 set aside for maintenance.
What is the property tax rate in Marion?
Marion has an effective property tax rate of 0.549%, based on a median home value of $104,100 and median real estate taxes of $571. That is lower than the Crittenden County average of 0.562%.
What is the average home price in Marion?
The median owner-occupied home value in Marion, Kentucky is $104,100, against $115,700 across Crittenden County.
Is it cheaper to rent or buy in Marion?
Median gross rent in Marion is $577 a month, against $926 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 Marion — 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.