Total monthly cost of ownership
Cost to Own a Home in Warsaw, Kentucky
A $168,000 home here costs
$1,462per 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 $62,500 a year.
A standard mortgage calculator would have told you $916. The real number is $547 higher every month, 60% more than the payment most buyers budget for.
Compare Gallatin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Warsaw from a five-year rolling sample, and with about 1,868 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 Gallatin 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.
Warsaw against Gallatin County and Kentucky
| Measure | Warsaw | Gallatin County |
|---|---|---|
| Median home value | $168,400 | $169,400 |
| Median property tax | $1,271 | $1,368 |
| Effective tax rate | 0.755% | 0.808% |
| Median gross rent | $768 | $858 |
| Population | 1,868 | 8,749 |
The weather behind that power bill
Warsaw sits in Gallatin County, which averages a high of 85.1°F in its hottest month and a low of 18.6°F in its coldest, with 47.73" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 925 cooling and 5,261 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Gallatin County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gallatin County
No other places of this size are published in Gallatin County.
Full Gallatin County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Warsaw 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 Warsaw every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Warsaw I already own here and may sell
Common questions
How much does it cost to own a home in Warsaw?
A $168,000 home in Warsaw, Kentucky costs approximately $1,462 per month with 20% down at 7.24%. That is $916 principal and interest, $106 property tax, $88 homeowners insurance, $212 utilities and $140 set aside for maintenance.
What is the property tax rate in Warsaw?
Warsaw has an effective property tax rate of 0.755%, based on a median home value of $168,400 and median real estate taxes of $1,271. That is lower than the Gallatin County average of 0.808%.
What is the average home price in Warsaw?
The median owner-occupied home value in Warsaw, Kentucky is $168,400, against $169,400 across Gallatin County.
Is it cheaper to rent or buy in Warsaw?
Median gross rent in Warsaw is $768 a month, against $1,462 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 Warsaw?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Warsaw, Kentucky at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,462 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Warsaw, 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.