Total monthly cost of ownership
Cost to Own a Home in Arkansas City, Kansas
A $82,000 home here costs
$890per 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 $38,000 a year.
A standard mortgage calculator would have told you $447. The real number is $443 higher every month, 99% more than the payment most buyers budget for.
Compare Cowley 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.
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
Talk to someone who works this market
These are Arkansas City 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 Arkansas City every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Arkansas City?
A $82,000 home in Arkansas City, Kansas costs approximately $890 per month with 20% down at 7.24%. That is $447 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 $890 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 Arkansas City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Arkansas City, Kansas at today's rate takes a household income of roughly $38,000 a year. That covers the full $890 monthly cost, not just the mortgage payment.
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.