Total monthly cost of ownership
Cost to Own a Home in Wilmore, Kentucky
A $211,000 home here costs
$1,790per 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 $76,500 a year.
A standard mortgage calculator would have told you $1,150. The real number is $639 higher every month, 56% more than the payment most buyers budget for.
Compare Jessamine 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.
Wilmore against Jessamine County and Kentucky
| Measure | Wilmore | Jessamine County |
|---|---|---|
| Median home value | $210,700 | $245,100 |
| Median property tax | $1,677 | $1,889 |
| Effective tax rate | 0.796% | 0.771% |
| Median gross rent | $855 | $994 |
| Population | 6,031 | 53,792 |
The weather behind that power bill
Wilmore sits in Jessamine County, which averages a high of 86.9°F in its hottest month and a low of 25.4°F in its coldest, with 49.84" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,289 cooling and 4,432 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Jessamine County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jessamine County
Full Jessamine County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Wilmore 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 Wilmore every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wilmore I already own here and may sell
Common questions
How much does it cost to own a home in Wilmore?
A $211,000 home in Wilmore, Kentucky costs approximately $1,790 per month with 20% down at 7.24%. That is $1,150 principal and interest, $140 property tax, $111 homeowners insurance, $212 utilities and $176 set aside for maintenance.
What is the property tax rate in Wilmore?
Wilmore has an effective property tax rate of 0.796%, based on a median home value of $210,700 and median real estate taxes of $1,677. That is higher than the Jessamine County average of 0.771%.
What is the average home price in Wilmore?
The median owner-occupied home value in Wilmore, Kentucky is $210,700, against $245,100 across Jessamine County.
Is it cheaper to rent or buy in Wilmore?
Median gross rent in Wilmore is $855 a month, against $1,790 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 Wilmore?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wilmore, Kentucky at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,790 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wilmore, 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.