Total monthly cost of ownership
Cost to Own a Home in Winchester, Kentucky
A $180,000 home here costs
$1,485per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $925. The real number is $560 higher every month — 60% 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.
Winchester against Clark County and Kentucky
| Measure | Winchester | Clark County |
|---|---|---|
| Median home value | $180,400 | $197,900 |
| Median property tax | $1,352 | $1,448 |
| Effective tax rate | 0.749% | 0.732% |
| Median gross rent | $867 | $883 |
| Population | 19,133 | 37,004 |
The weather behind that power bill
Winchester sits in Clark County, which averages a high of 85.3°F in its hottest month and a low of 22.6°F in its coldest, with 50.9" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,016 cooling and 4,746 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Clark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
No other places of this size are published in Clark County.
Common questions
How much does it cost to own a home in Winchester?
A $180,000 home in Winchester, Kentucky costs approximately $1,485 per month with 20% down at 6.66%. That is $925 principal and interest, $112 property tax, $95 homeowners insurance, $203 utilities and $150 set aside for maintenance.
What is the property tax rate in Winchester?
Winchester has an effective property tax rate of 0.749%, based on a median home value of $180,400 and median real estate taxes of $1,352. That is higher than the Clark County average of 0.732%.
What is the average home price in Winchester?
The median owner-occupied home value in Winchester, Kentucky is $180,400, against $197,900 across Clark County.
Is it cheaper to rent or buy in Winchester?
Median gross rent in Winchester is $867 a month, against $1,485 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 Winchester — 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.