Total monthly cost of ownership
Cost to Own a Home in Oak Grove, Kentucky
A $144,000 home here costs
$1,217per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $740. The real number is $476 higher every month — 64% 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.
Oak Grove against Christian County and Kentucky
| Measure | Oak Grove | Christian County |
|---|---|---|
| Median home value | $143,500 | $149,200 |
| Median property tax | $933 | $1,065 |
| Effective tax rate | 0.650% | 0.714% |
| Median gross rent | $1,208 | $999 |
| Population | 7,945 | 72,599 |
The weather behind that power bill
Oak Grove sits in Christian County, which averages a high of 88.2°F in its hottest month and a low of 27.2°F in its coldest, with 51.76" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,610 cooling and 4,026 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Christian County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Christian County
Full Christian County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Oak Grove?
A $144,000 home in Oak Grove, Kentucky costs approximately $1,217 per month with 20% down at 6.66%. That is $740 principal and interest, $78 property tax, $76 homeowners insurance, $203 utilities and $120 set aside for maintenance.
What is the property tax rate in Oak Grove?
Oak Grove has an effective property tax rate of 0.650%, based on a median home value of $143,500 and median real estate taxes of $933. That is lower than the Christian County average of 0.714%.
What is the average home price in Oak Grove?
The median owner-occupied home value in Oak Grove, Kentucky is $143,500, against $149,200 across Christian County.
Is it cheaper to rent or buy in Oak Grove?
Median gross rent in Oak Grove is $1,208 a month, against $1,217 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 Oak Grove — 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.