Total monthly cost of ownership
Cost to Own a Home in Reidland, Kentucky
A $215,000 home here costs
$1,804per 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 $77,500 a year.
A standard mortgage calculator would have told you $1,172. The real number is $631 higher every month, 54% more than the payment most buyers budget for.
Compare McCracken County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Reidland from a five-year rolling sample, and with about 4,887 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 McCracken 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.
Reidland against McCracken County and Kentucky
| Measure | Reidland | McCracken County |
|---|---|---|
| Median home value | $214,600 | $182,900 |
| Median property tax | $1,517 | $1,342 |
| Effective tax rate | 0.707% | 0.734% |
| Median gross rent | $1,056 | $861 |
| Population | 4,887 | 67,584 |
The weather behind that power bill
Reidland 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 $144 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
Talk to someone who works this market
These are Reidland 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 Reidland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Reidland I already own here and may sell
Common questions
How much does it cost to own a home in Reidland?
A $215,000 home in Reidland, Kentucky costs approximately $1,804 per month with 20% down at 7.24%. That is $1,172 principal and interest, $127 property tax, $113 homeowners insurance, $212 utilities and $179 set aside for maintenance.
What is the property tax rate in Reidland?
Reidland has an effective property tax rate of 0.707%, based on a median home value of $214,600 and median real estate taxes of $1,517. That is lower than the McCracken County average of 0.734%.
What is the average home price in Reidland?
The median owner-occupied home value in Reidland, Kentucky is $214,600, against $182,900 across McCracken County.
Is it cheaper to rent or buy in Reidland?
Median gross rent in Reidland is $1,056 a month, against $1,804 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Reidland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Reidland, Kentucky at today's rate takes a household income of roughly $77,500 a year. That covers the full $1,804 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Reidland, 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.