Total monthly cost of ownership
Cost to Own a Home in Williamsburg, Kentucky
A $109,000 home here costs
$1,039per 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 $44,500 a year.
A standard mortgage calculator would have told you $594. The real number is $445 higher every month, 75% more than the payment most buyers budget for.
Compare Whitley 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.
Williamsburg against Whitley County and Kentucky
| Measure | Williamsburg | Whitley County |
|---|---|---|
| Median home value | $108,800 | $120,600 |
| Median property tax | $1,007 | $792 |
| Effective tax rate | 0.926% | 0.657% |
| Median gross rent | $685 | $720 |
| Population | 5,226 | 36,755 |
The weather behind that power bill
Williamsburg sits in Whitley County, which averages a high of 87.1°F in its hottest month and a low of 24.8°F in its coldest, with 51.97" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,057 cooling and 4,446 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Whitley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Whitley County
No other places of this size are published in Whitley County.
Full Whitley County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Williamsburg 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 Williamsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Williamsburg I already own here and may sell
Common questions
How much does it cost to own a home in Williamsburg?
A $109,000 home in Williamsburg, Kentucky costs approximately $1,039 per month with 20% down at 7.24%. That is $594 principal and interest, $84 property tax, $57 homeowners insurance, $212 utilities and $91 set aside for maintenance.
What is the property tax rate in Williamsburg?
Williamsburg has an effective property tax rate of 0.926%, based on a median home value of $108,800 and median real estate taxes of $1,007. That is higher than the Whitley County average of 0.657%.
What is the average home price in Williamsburg?
The median owner-occupied home value in Williamsburg, Kentucky is $108,800, against $120,600 across Whitley County.
Is it cheaper to rent or buy in Williamsburg?
Median gross rent in Williamsburg is $685 a month, against $1,039 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 Williamsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Williamsburg, Kentucky at today's rate takes a household income of roughly $44,500 a year. That covers the full $1,039 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Williamsburg, 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.