Total monthly cost of ownership
Cost to Own a Home in Scottsville, Kentucky
A $141,000 home here costs
$1,253per 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 $53,500 a year.
A standard mortgage calculator would have told you $769. The real number is $484 higher every month, 63% more than the payment most buyers budget for.
Compare Allen County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Scottsville from a five-year rolling sample, and with about 4,391 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 Allen 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.
Scottsville against Allen County and Kentucky
| Measure | Scottsville | Allen County |
|---|---|---|
| Median home value | $140,600 | $176,300 |
| Median property tax | $959 | $972 |
| Effective tax rate | 0.682% | 0.551% |
| Median gross rent | $621 | $750 |
| Population | 4,391 | 21,029 |
The weather behind that power bill
Scottsville sits in Allen County, which averages a high of 87.0°F in its hottest month and a low of 25.7°F in its coldest, with 53.97" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,235 cooling and 4,134 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Allen County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allen County
No other places of this size are published in Allen County.
Talk to someone who works this market
These are Scottsville 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 Scottsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Scottsville I already own here and may sell
Common questions
How much does it cost to own a home in Scottsville?
A $141,000 home in Scottsville, Kentucky costs approximately $1,253 per month with 20% down at 7.24%. That is $769 principal and interest, $80 property tax, $74 homeowners insurance, $212 utilities and $118 set aside for maintenance.
What is the property tax rate in Scottsville?
Scottsville has an effective property tax rate of 0.682%, based on a median home value of $140,600 and median real estate taxes of $959. That is higher than the Allen County average of 0.551%.
What is the average home price in Scottsville?
The median owner-occupied home value in Scottsville, Kentucky is $140,600, against $176,300 across Allen County.
Is it cheaper to rent or buy in Scottsville?
Median gross rent in Scottsville is $621 a month, against $1,253 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 Scottsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Scottsville, Kentucky at today's rate takes a household income of roughly $53,500 a year. That covers the full $1,253 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Scottsville, 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.