Total monthly cost of ownership
Cost to Own a Home in Orchard Grass Hills, Kentucky
A $261,000 home here costs
$2,217per 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 $95,000 a year.
A standard mortgage calculator would have told you $1,423. The real number is $795 higher every month, 56% more than the payment most buyers budget for.
Compare Oldham County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Orchard Grass Hills from a five-year rolling sample, and with about 2,008 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Oldham County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Orchard Grass Hills against Oldham County and Kentucky
| Measure | Orchard Grass Hills | Oldham County |
|---|---|---|
| Median home value | $261,100 | $375,000 |
| Median property tax | $2,729 | $3,454 |
| Effective tax rate | 1.045% | 0.921% |
| Median gross rent | $1,904 | $1,142 |
| Population | 2,008 | 68,600 |
The weather behind that power bill
Orchard Grass Hills sits in Oldham County, which averages a high of 87.5°F in its hottest month and a low of 23.1°F in its coldest, with 52.87" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,241 cooling and 4,777 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Oldham County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Oldham County
Full Oldham County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Orchard Grass Hills 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 Orchard Grass Hills every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Orchard Grass Hills?
A $261,000 home in Orchard Grass Hills, Kentucky costs approximately $2,217 per month with 20% down at 7.24%. That is $1,423 principal and interest, $227 property tax, $137 homeowners insurance, $212 utilities and $218 set aside for maintenance.
What is the property tax rate in Orchard Grass Hills?
Orchard Grass Hills has an effective property tax rate of 1.045%, based on a median home value of $261,100 and median real estate taxes of $2,729. That is higher than the Oldham County average of 0.921%.
What is the average home price in Orchard Grass Hills?
The median owner-occupied home value in Orchard Grass Hills, Kentucky is $261,100, against $375,000 across Oldham County.
Is it cheaper to rent or buy in Orchard Grass Hills?
Median gross rent in Orchard Grass Hills is $1,904 a month, against $2,217 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 Orchard Grass Hills?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Orchard Grass Hills, Kentucky at today's rate takes a household income of roughly $95,000 a year. That covers the full $2,217 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Orchard Grass Hills, 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.