Total monthly cost of ownership
Cost to Own a Home in Oakbrook, Kentucky
A $251,000 home here costs
$2,021per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,290. The real number is $730 higher every month — 57% 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.
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 $135 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
Common questions
How much does it cost to own a home in Oakbrook?
A $251,000 home in Oakbrook, Kentucky costs approximately $2,021 per month with 20% down at 6.66%. That is $1,290 principal and interest, $186 property tax, $132 homeowners insurance, $203 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 $2,021 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 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.