Total monthly cost of ownership
Cost to Own a Home in Pikeville, Kentucky
A $301,000 home here costs
$2,359per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,547. The real number is $812 higher every month — 52% 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.
Pikeville against Pike County and Kentucky
| Measure | Pikeville | Pike County |
|---|---|---|
| Median home value | $301,300 | $104,200 |
| Median property tax | $2,404 | $758 |
| Effective tax rate | 0.798% | 0.727% |
| Median gross rent | $840 | $837 |
| Population | 7,560 | 57,466 |
The weather behind that power bill
Pikeville sits in Pike County, which averages a high of 88.6°F in its hottest month and a low of 25.8°F in its coldest, with 48.3" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,016 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Pike County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pike County
Common questions
How much does it cost to own a home in Pikeville?
A $301,000 home in Pikeville, Kentucky costs approximately $2,359 per month with 20% down at 6.66%. That is $1,547 principal and interest, $200 property tax, $158 homeowners insurance, $203 utilities and $251 set aside for maintenance.
What is the property tax rate in Pikeville?
Pikeville has an effective property tax rate of 0.798%, based on a median home value of $301,300 and median real estate taxes of $2,404. That is higher than the Pike County average of 0.727%.
What is the average home price in Pikeville?
The median owner-occupied home value in Pikeville, Kentucky is $301,300, against $104,200 across Pike County.
Is it cheaper to rent or buy in Pikeville?
Median gross rent in Pikeville is $840 a month, against $2,359 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 Pikeville — 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.