Total monthly cost of ownership
Cost to Own a Home in Mount Sterling, Kentucky
A $178,000 home here costs
$1,472per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $915. The real number is $557 higher every month — 61% 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.
Mount Sterling against Montgomery County and Kentucky
| Measure | Mount Sterling | Montgomery County |
|---|---|---|
| Median home value | $178,200 | $163,800 |
| Median property tax | $1,347 | $1,222 |
| Effective tax rate | 0.756% | 0.746% |
| Median gross rent | $564 | $796 |
| Population | 7,549 | 28,271 |
The weather behind that power bill
Mount Sterling sits in Montgomery County, which averages a high of 86.5°F in its hottest month and a low of 21.6°F in its coldest, with 48.5" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 989 cooling and 5,046 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Mount Sterling?
A $178,000 home in Mount Sterling, Kentucky costs approximately $1,472 per month with 20% down at 6.66%. That is $915 principal and interest, $112 property tax, $94 homeowners insurance, $203 utilities and $148 set aside for maintenance.
What is the property tax rate in Mount Sterling?
Mount Sterling has an effective property tax rate of 0.756%, based on a median home value of $178,200 and median real estate taxes of $1,347. That is higher than the Montgomery County average of 0.746%.
What is the average home price in Mount Sterling?
The median owner-occupied home value in Mount Sterling, Kentucky is $178,200, against $163,800 across Montgomery County.
Is it cheaper to rent or buy in Mount Sterling?
Median gross rent in Mount Sterling is $564 a month, against $1,472 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 Mount Sterling — 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.