Total monthly cost of ownership
Cost to Own a Home in Tompkinsville, Kentucky
A $86,000 home here costs
$839per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $442. The real number is $397 higher every month — 90% 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.
Tompkinsville against Monroe County and Kentucky
| Measure | Tompkinsville | Monroe County |
|---|---|---|
| Median home value | $86,100 | $116,300 |
| Median property tax | $928 | $892 |
| Effective tax rate | 1.078% | 0.767% |
| Median gross rent | $600 | $629 |
| Population | 2,672 | 11,318 |
The weather behind that power bill
Tompkinsville sits in Monroe County, which averages a high of 89.7°F in its hottest month and a low of 24.0°F in its coldest, with 49.6" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,214 cooling and 4,128 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Monroe County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Monroe County
No other places of this size are published in Monroe County.
Full Monroe County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Tompkinsville?
A $86,000 home in Tompkinsville, Kentucky costs approximately $839 per month with 20% down at 6.66%. That is $442 principal and interest, $77 property tax, $45 homeowners insurance, $203 utilities and $72 set aside for maintenance.
What is the property tax rate in Tompkinsville?
Tompkinsville has an effective property tax rate of 1.078%, based on a median home value of $86,100 and median real estate taxes of $928. That is higher than the Monroe County average of 0.767%.
What is the average home price in Tompkinsville?
The median owner-occupied home value in Tompkinsville, Kentucky is $86,100, against $116,300 across Monroe County.
Is it cheaper to rent or buy in Tompkinsville?
Median gross rent in Tompkinsville is $600 a month, against $839 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 Tompkinsville — 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.