Total monthly cost of ownership
Cost to Own a Home in Middletown, Kentucky
A $299,000 home here costs
$2,485per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $106,500 a year.
A standard mortgage calculator would have told you $1,656. The real number is $829 higher every month, 50% more than the payment most buyers budget for.
Compare Jefferson 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.
Middletown against Jefferson County and Kentucky
| Measure | Middletown | Jefferson County |
|---|---|---|
| Median home value | $298,900 | $237,200 |
| Median property tax | $2,521 | $2,023 |
| Effective tax rate | 0.843% | 0.853% |
| Median gross rent | $1,423 | $1,097 |
| Population | 9,622 | 777,392 |
The weather behind that power bill
Middletown sits in Jefferson County, which averages a high of 87.9°F in its hottest month and a low of 27.1°F in its coldest, with 48.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,543 cooling and 4,150 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Jefferson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Middletown 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 Middletown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Middletown I already own here and may sell
Common questions
How much does it cost to own a home in Middletown?
A $299,000 home in Middletown, Kentucky costs approximately $2,485 per month with 20% down at 7.4%. That is $1,656 principal and interest, $210 property tax, $157 homeowners insurance, $213 utilities and $249 set aside for maintenance.
What is the property tax rate in Middletown?
Middletown has an effective property tax rate of 0.843%, based on a median home value of $298,900 and median real estate taxes of $2,521. That is lower than the Jefferson County average of 0.853%.
What is the average home price in Middletown?
The median owner-occupied home value in Middletown, Kentucky is $298,900, against $237,200 across Jefferson County.
Is it cheaper to rent or buy in Middletown?
Median gross rent in Middletown is $1,423 a month, against $2,485 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 Middletown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Middletown, Kentucky at today's rate takes a household income of roughly $106,500 a year. That covers the full $2,485 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Middletown, 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.