Total monthly cost of ownership
Cost to Own a Home in Pine Knot, Kentucky
A $111,000 home here costs
$994per 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 $423 higher every month — 74% 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.
Pine Knot against McCreary County and Kentucky
| Measure | Pine Knot | McCreary County |
|---|---|---|
| Median home value | $111,300 | $77,000 |
| Median property tax | $839 | $565 |
| Effective tax rate | 0.754% | 0.734% |
| Median gross rent | $289 | $588 |
| Population | 1,358 | 16,905 |
The weather behind that power bill
Pine Knot sits in McCreary County, which averages a high of 85.4°F in its hottest month and a low of 23.9°F in its coldest, with 56.08" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 948 cooling and 4,616 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for McCreary County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in McCreary County
No other places of this size are published in McCreary County.
Full McCreary County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Pine Knot?
A $111,000 home in Pine Knot, Kentucky costs approximately $994 per month with 20% down at 6.66%. That is $571 principal and interest, $70 property tax, $58 homeowners insurance, $203 utilities and $93 set aside for maintenance.
What is the property tax rate in Pine Knot?
Pine Knot has an effective property tax rate of 0.754%, based on a median home value of $111,300 and median real estate taxes of $839. That is higher than the McCreary County average of 0.734%.
What is the average home price in Pine Knot?
The median owner-occupied home value in Pine Knot, Kentucky is $111,300, against $77,000 across McCreary County.
Is it cheaper to rent or buy in Pine Knot?
Median gross rent in Pine Knot is $289 a month, against $994 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 Pine Knot — 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.