Total monthly cost of ownership
Cost to Own a Home in Arkansas City, Kansas
A $82,000 home here costs
$865per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $422. The real number is $443 higher every month — 105% 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.
Arkansas City against Cowley County and Kansas
| Measure | Arkansas City | Cowley County |
|---|---|---|
| Median home value | $81,700 | $111,600 |
| Median property tax | $1,471 | $1,878 |
| Effective tax rate | 1.800% | 1.683% |
| Median gross rent | $762 | $779 |
| Population | 11,909 | 34,487 |
The weather behind that power bill
Arkansas City sits in Cowley County, which averages a high of 91.9°F in its hottest month and a low of 23.7°F in its coldest, with 34.88" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 1,770 cooling and 4,199 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Cowley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cowley County
Common questions
How much does it cost to own a home in Arkansas City?
A $82,000 home in Arkansas City, Kansas costs approximately $865 per month with 20% down at 6.66%. That is $422 principal and interest, $123 property tax, $48 homeowners insurance, $204 utilities and $68 set aside for maintenance.
What is the property tax rate in Arkansas City?
Arkansas City has an effective property tax rate of 1.800%, based on a median home value of $81,700 and median real estate taxes of $1,471. That is higher than the Cowley County average of 1.683%.
What is the average home price in Arkansas City?
The median owner-occupied home value in Arkansas City, Kansas is $81,700, against $111,600 across Cowley County.
Is it cheaper to rent or buy in Arkansas City?
Median gross rent in Arkansas City is $762 a month, against $865 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 Arkansas City — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kansas.
- 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.