Total monthly cost of ownership
Cost to Own a Home in Paintsville, Kentucky
A $111,000 home here costs
$1,034per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $463 higher every month — 81% 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.
Paintsville against Johnson County and Kentucky
| Measure | Paintsville | Johnson County |
|---|---|---|
| Median home value | $110,800 | $125,300 |
| Median property tax | $1,311 | $808 |
| Effective tax rate | 1.183% | 0.645% |
| Median gross rent | $631 | $698 |
| Population | 4,256 | 22,464 |
The weather behind that power bill
Paintsville sits in Johnson County, which averages a high of 86.2°F in its hottest month and a low of 22.9°F in its coldest, with 46.19" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,095 cooling and 4,604 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Johnson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Johnson County
Full Johnson County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Paintsville?
A $111,000 home in Paintsville, Kentucky costs approximately $1,034 per month with 20% down at 6.66%. That is $571 principal and interest, $109 property tax, $58 homeowners insurance, $203 utilities and $93 set aside for maintenance.
What is the property tax rate in Paintsville?
Paintsville has an effective property tax rate of 1.183%, based on a median home value of $110,800 and median real estate taxes of $1,311. That is higher than the Johnson County average of 0.645%.
What is the average home price in Paintsville?
The median owner-occupied home value in Paintsville, Kentucky is $110,800, against $125,300 across Johnson County.
Is it cheaper to rent or buy in Paintsville?
Median gross rent in Paintsville is $631 a month, against $1,034 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 Paintsville — 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.