Total monthly cost of ownership
Cost to Own a Home in Nicholasville, Kentucky
A $211,000 home here costs
$1,711per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,085. The real number is $626 higher every month — 58% 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.
Nicholasville against Jessamine County and Kentucky
| Measure | Nicholasville | Jessamine County |
|---|---|---|
| Median home value | $210,700 | $245,100 |
| Median property tax | $1,634 | $1,889 |
| Effective tax rate | 0.776% | 0.771% |
| Median gross rent | $996 | $994 |
| Population | 31,625 | 53,792 |
The weather behind that power bill
Nicholasville sits in Jessamine County, which averages a high of 86.9°F in its hottest month and a low of 25.4°F in its coldest, with 49.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,432 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Jessamine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jessamine County
Full Jessamine County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Nicholasville?
A $211,000 home in Nicholasville, Kentucky costs approximately $1,711 per month with 20% down at 6.66%. That is $1,085 principal and interest, $136 property tax, $111 homeowners insurance, $203 utilities and $176 set aside for maintenance.
What is the property tax rate in Nicholasville?
Nicholasville has an effective property tax rate of 0.776%, based on a median home value of $210,700 and median real estate taxes of $1,634. That is in line with the Jessamine County average of 0.771%.
What is the average home price in Nicholasville?
The median owner-occupied home value in Nicholasville, Kentucky is $210,700, against $245,100 across Jessamine County.
Is it cheaper to rent or buy in Nicholasville?
Median gross rent in Nicholasville is $996 a month, against $1,711 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 Nicholasville — 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.