Total monthly cost of ownership
Cost to Own a Home in Oakbrook, Kentucky
A $251,000 home here costs
$2,108per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $90,500 a year.
A standard mortgage calculator would have told you $1,368. The real number is $740 higher every month, 54% more than the payment most buyers budget for.
Compare Boone 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.
Oakbrook against Boone County and Kentucky
| Measure | Oakbrook | Boone County |
|---|---|---|
| Median home value | $250,900 | $253,200 |
| Median property tax | $2,236 | $2,273 |
| Effective tax rate | 0.891% | 0.898% |
| Median gross rent | $1,414 | $1,253 |
| Population | 9,459 | 137,676 |
The weather behind that power bill
Oakbrook sits in Boone County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Boone County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boone County
Talk to someone who works this market
These are Oakbrook 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 Oakbrook every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oakbrook I already own here and may sell
Common questions
How much does it cost to own a home in Oakbrook?
A $251,000 home in Oakbrook, Kentucky costs approximately $2,108 per month with 20% down at 7.24%. That is $1,368 principal and interest, $186 property tax, $132 homeowners insurance, $212 utilities and $209 set aside for maintenance.
What is the property tax rate in Oakbrook?
Oakbrook has an effective property tax rate of 0.891%, based on a median home value of $250,900 and median real estate taxes of $2,236. That is in line with the Boone County average of 0.898%.
What is the average home price in Oakbrook?
The median owner-occupied home value in Oakbrook, Kentucky is $250,900, against $253,200 across Boone County.
Is it cheaper to rent or buy in Oakbrook?
Median gross rent in Oakbrook is $1,414 a month, against $2,108 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 Oakbrook?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oakbrook, Kentucky at today's rate takes a household income of roughly $90,500 a year. That covers the full $2,108 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oakbrook, 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.