Total monthly cost of ownership
Cost to Own a Home in Mount Vernon, Kentucky
A $101,000 home here costs
$906per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $387 higher every month — 74% 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 Vernon against Rockcastle County and Kentucky
| Measure | Mount Vernon | Rockcastle County |
|---|---|---|
| Median home value | $100,500 | $119,300 |
| Median property tax | $559 | $574 |
| Effective tax rate | 0.556% | 0.481% |
| Median gross rent | $660 | $678 |
| Population | 2,259 | 16,144 |
The weather behind that power bill
Mount Vernon sits in Rockcastle County, which averages a high of 84.4°F in its hottest month and a low of 24.5°F in its coldest, with 51.35" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,100 cooling and 4,600 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Rockcastle County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Rockcastle County
Full Rockcastle County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Mount Vernon?
A $101,000 home in Mount Vernon, Kentucky costs approximately $906 per month with 20% down at 6.66%. That is $519 principal and interest, $47 property tax, $53 homeowners insurance, $203 utilities and $84 set aside for maintenance.
What is the property tax rate in Mount Vernon?
Mount Vernon has an effective property tax rate of 0.556%, based on a median home value of $100,500 and median real estate taxes of $559. That is higher than the Rockcastle County average of 0.481%.
What is the average home price in Mount Vernon?
The median owner-occupied home value in Mount Vernon, Kentucky is $100,500, against $119,300 across Rockcastle County.
Is it cheaper to rent or buy in Mount Vernon?
Median gross rent in Mount Vernon is $660 a month, against $906 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 Vernon — 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.