Total monthly cost of ownership
Cost to Own a Home in Paducah, Kentucky
A $165,000 home here costs
$1,388per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $540 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.
Paducah against McCracken County and Kentucky
| Measure | Paducah | McCracken County |
|---|---|---|
| Median home value | $164,600 | $182,900 |
| Median property tax | $1,351 | $1,342 |
| Effective tax rate | 0.821% | 0.734% |
| Median gross rent | $817 | $861 |
| Population | 26,894 | 67,584 |
The weather behind that power bill
Paducah sits in McCracken County, which averages a high of 89.9°F in its hottest month and a low of 27.3°F in its coldest, with 50.32" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,683 cooling and 3,925 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for McCracken County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McCracken County
Full McCracken County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Paducah?
A $165,000 home in Paducah, Kentucky costs approximately $1,388 per month with 20% down at 6.66%. That is $848 principal and interest, $113 property tax, $87 homeowners insurance, $203 utilities and $138 set aside for maintenance.
What is the property tax rate in Paducah?
Paducah has an effective property tax rate of 0.821%, based on a median home value of $164,600 and median real estate taxes of $1,351. That is higher than the McCracken County average of 0.734%.
What is the average home price in Paducah?
The median owner-occupied home value in Paducah, Kentucky is $164,600, against $182,900 across McCracken County.
Is it cheaper to rent or buy in Paducah?
Median gross rent in Paducah is $817 a month, against $1,388 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 Paducah — 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.