Total monthly cost of ownership
Cost to Own a Home in Middlesborough, Kentucky
A $89,000 home here costs
$836per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $378 higher every month — 83% 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.
Middlesborough against Bell County and Kentucky
| Measure | Middlesborough | Bell County |
|---|---|---|
| Median home value | $88,700 | $83,000 |
| Median property tax | $653 | $617 |
| Effective tax rate | 0.736% | 0.743% |
| Median gross rent | $670 | $617 |
| Population | 9,258 | 23,878 |
The weather behind that power bill
Middlesborough sits in Bell County, which averages a high of 87.0°F in its hottest month and a low of 24.6°F in its coldest, with 53.77" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,156 cooling and 4,408 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Bell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bell County
Common questions
How much does it cost to own a home in Middlesborough?
A $89,000 home in Middlesborough, Kentucky costs approximately $836 per month with 20% down at 6.66%. That is $458 principal and interest, $55 property tax, $47 homeowners insurance, $203 utilities and $74 set aside for maintenance.
What is the property tax rate in Middlesborough?
Middlesborough has an effective property tax rate of 0.736%, based on a median home value of $88,700 and median real estate taxes of $653. That is in line with the Bell County average of 0.743%.
What is the average home price in Middlesborough?
The median owner-occupied home value in Middlesborough, Kentucky is $88,700, against $83,000 across Bell County.
Is it cheaper to rent or buy in Middlesborough?
Median gross rent in Middlesborough is $670 a month, against $836 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 Middlesborough — 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.