Total monthly cost of ownership
Cost to Own a Home in Williamstown, Kentucky
A $159,000 home here costs
$1,381per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $563 higher every month — 69% 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.
Williamstown against Grant County and Kentucky
| Measure | Williamstown | Grant County |
|---|---|---|
| Median home value | $159,100 | $185,500 |
| Median property tax | $1,735 | $1,339 |
| Effective tax rate | 1.091% | 0.722% |
| Median gross rent | $770 | $855 |
| Population | 3,929 | 25,238 |
Williamstown extends across 2 counties. Figures here use Grant County, where most of its housing sits.
The weather behind that power bill
Williamstown sits in Grant County, which averages a high of 87.1°F in its hottest month and a low of 25.0°F in its coldest, with 45.86" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,276 cooling and 4,392 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
Common questions
How much does it cost to own a home in Williamstown?
A $159,000 home in Williamstown, Kentucky costs approximately $1,381 per month with 20% down at 6.66%. That is $817 principal and interest, $145 property tax, $84 homeowners insurance, $203 utilities and $133 set aside for maintenance.
What is the property tax rate in Williamstown?
Williamstown has an effective property tax rate of 1.091%, based on a median home value of $159,100 and median real estate taxes of $1,735. That is higher than the Grant County average of 0.722%.
What is the average home price in Williamstown?
The median owner-occupied home value in Williamstown, Kentucky is $159,100, against $185,500 across Grant County.
Is it cheaper to rent or buy in Williamstown?
Median gross rent in Williamstown is $770 a month, against $1,381 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 Williamstown — 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.