Total monthly cost of ownership
Cost to Own a Home in Whitesburg, Kentucky
A $111,000 home here costs
$990per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $420 higher every month — 74% 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.
Whitesburg against Letcher County and Kentucky
| Measure | Whitesburg | Letcher County |
|---|---|---|
| Median home value | $111,300 | $70,500 |
| Median property tax | $797 | $657 |
| Effective tax rate | 0.716% | 0.932% |
| Median gross rent | $619 | $651 |
| Population | 1,998 | 21,146 |
The weather behind that power bill
Whitesburg sits in Letcher County, which averages a high of 81.8°F in its hottest month and a low of 24.1°F in its coldest, with 50.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 712 cooling and 4,734 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Letcher County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Letcher County
Full Letcher County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Whitesburg?
A $111,000 home in Whitesburg, Kentucky costs approximately $990 per month with 20% down at 6.66%. That is $571 principal and interest, $66 property tax, $58 homeowners insurance, $203 utilities and $93 set aside for maintenance.
What is the property tax rate in Whitesburg?
Whitesburg has an effective property tax rate of 0.716%, based on a median home value of $111,300 and median real estate taxes of $797. That is lower than the Letcher County average of 0.932%.
What is the average home price in Whitesburg?
The median owner-occupied home value in Whitesburg, Kentucky is $111,300, against $70,500 across Letcher County.
Is it cheaper to rent or buy in Whitesburg?
Median gross rent in Whitesburg is $619 a month, against $990 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 Whitesburg — 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.