Total monthly cost of ownership
Cost to Own a Home in Plano, Kentucky
A $226,000 home here costs
$1,858per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $79,500 a year.
A standard mortgage calculator would have told you $1,232. The real number is $626 higher every month, 51% more than the payment most buyers budget for.
Compare Warren County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Plano from a five-year rolling sample, and with about 1,293 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Warren County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Plano against Warren County and Kentucky
| Measure | Plano | Warren County |
|---|---|---|
| Median home value | $226,100 | $242,600 |
| Median property tax | $1,278 | $1,558 |
| Effective tax rate | 0.565% | 0.642% |
| Median gross rent | — | $963 |
| Population | 1,293 | 137,549 |
The weather behind that power bill
Plano sits in Warren County, which averages a high of 89.7°F in its hottest month and a low of 28.3°F in its coldest, with 50.1" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,676 cooling and 3,797 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Warren County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Warren County
Full Warren County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Plano averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Plano every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Plano?
A $226,000 home in Plano, Kentucky costs approximately $1,858 per month with 20% down at 7.24%. That is $1,232 principal and interest, $106 property tax, $119 homeowners insurance, $212 utilities and $188 set aside for maintenance.
What is the property tax rate in Plano?
Plano has an effective property tax rate of 0.565%, based on a median home value of $226,100 and median real estate taxes of $1,278. That is lower than the Warren County average of 0.642%.
What is the average home price in Plano?
The median owner-occupied home value in Plano, Kentucky is $226,100, against $242,600 across Warren County.
Is it cheaper to rent or buy in Plano?
Rent data is not published for Plano at this level of detail.
What salary do you need to buy a home in Plano?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Plano, Kentucky at today's rate takes a household income of roughly $79,500 a year. That covers the full $1,858 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Plano, 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.