Total monthly cost of ownership
Cost to Own a Home in Owenton, Kentucky
A $124,000 home here costs
$1,086per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $448 higher every month — 70% 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.
Owenton against Owen County and Kentucky
| Measure | Owenton | Owen County |
|---|---|---|
| Median home value | $124,300 | $165,000 |
| Median property tax | $928 | $1,231 |
| Effective tax rate | 0.747% | 0.746% |
| Median gross rent | $664 | $775 |
| Population | 1,600 | 11,270 |
The weather behind that power bill
Owenton sits in Owen County, which averages a high of 87.6°F in its hottest month and a low of 25.1°F in its coldest, with 47.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,332 cooling and 4,386 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Owen County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Owen County
No other places of this size are published in Owen County.
Common questions
How much does it cost to own a home in Owenton?
A $124,000 home in Owenton, Kentucky costs approximately $1,086 per month with 20% down at 6.66%. That is $637 principal and interest, $77 property tax, $65 homeowners insurance, $203 utilities and $103 set aside for maintenance.
What is the property tax rate in Owenton?
Owenton has an effective property tax rate of 0.747%, based on a median home value of $124,300 and median real estate taxes of $928. That is in line with the Owen County average of 0.746%.
What is the average home price in Owenton?
The median owner-occupied home value in Owenton, Kentucky is $124,300, against $165,000 across Owen County.
Is it cheaper to rent or buy in Owenton?
Median gross rent in Owenton is $664 a month, against $1,086 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 Owenton — 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.