Total monthly cost of ownership
Cost to Own a Home in White Plains, Kentucky
A $84,000 home here costs
$798per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $432. The real number is $366 higher every month — 85% 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.
White Plains against Hopkins County and Kentucky
| Measure | White Plains | Hopkins County |
|---|---|---|
| Median home value | $84,100 | $128,800 |
| Median property tax | $595 | $1,057 |
| Effective tax rate | 0.707% | 0.821% |
| Median gross rent | $850 | $841 |
| Population | 1,007 | 45,143 |
The weather behind that power bill
White Plains sits in Hopkins County, which averages a high of 89.3°F in its hottest month and a low of 28.3°F in its coldest, with 52.21" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,763 cooling and 3,749 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Hopkins County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hopkins County
Full Hopkins County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in White Plains?
A $84,000 home in White Plains, Kentucky costs approximately $798 per month with 20% down at 6.66%. That is $432 principal and interest, $49 property tax, $44 homeowners insurance, $203 utilities and $70 set aside for maintenance.
What is the property tax rate in White Plains?
White Plains has an effective property tax rate of 0.707%, based on a median home value of $84,100 and median real estate taxes of $595. That is lower than the Hopkins County average of 0.821%.
What is the average home price in White Plains?
The median owner-occupied home value in White Plains, Kentucky is $84,100, against $128,800 across Hopkins County.
Is it cheaper to rent or buy in White Plains?
Median gross rent in White Plains is $850 a month, against $798 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for White Plains — 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.