Total monthly cost of ownership
Cost to Own a Home in Shepherdsville, Kentucky
A $202,000 home here costs
$1,735per 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 $74,500 a year.
A standard mortgage calculator would have told you $1,101. The real number is $634 higher every month, 58% more than the payment most buyers budget for.
Compare Bullitt County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Shepherdsville against Bullitt County and Kentucky
| Measure | Shepherdsville | Bullitt County |
|---|---|---|
| Median home value | $202,300 | $233,700 |
| Median property tax | $1,768 | $1,994 |
| Effective tax rate | 0.874% | 0.853% |
| Median gross rent | $898 | $973 |
| Population | 14,351 | 83,209 |
The weather behind that power bill
Shepherdsville sits in Bullitt County, which averages a high of 87.7°F in its hottest month and a low of 26.0°F in its coldest, with 52.55" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,333 cooling and 4,128 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Bullitt County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bullitt County
Full Bullitt County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Shepherdsville 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 Shepherdsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Shepherdsville I already own here and may sell
Common questions
How much does it cost to own a home in Shepherdsville?
A $202,000 home in Shepherdsville, Kentucky costs approximately $1,735 per month with 20% down at 7.24%. That is $1,101 principal and interest, $147 property tax, $106 homeowners insurance, $212 utilities and $168 set aside for maintenance.
What is the property tax rate in Shepherdsville?
Shepherdsville has an effective property tax rate of 0.874%, based on a median home value of $202,300 and median real estate taxes of $1,768. That is higher than the Bullitt County average of 0.853%.
What is the average home price in Shepherdsville?
The median owner-occupied home value in Shepherdsville, Kentucky is $202,300, against $233,700 across Bullitt County.
Is it cheaper to rent or buy in Shepherdsville?
Median gross rent in Shepherdsville is $898 a month, against $1,735 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 Shepherdsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Shepherdsville, Kentucky at today's rate takes a household income of roughly $74,500 a year. That covers the full $1,735 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shepherdsville, 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.