Total monthly cost of ownership
Cost to Own a Home in Beloit, Kansas
A $99,000 home here costs
$1,027per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $518 higher every month — 102% 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.
Beloit against Mitchell County and Kansas
| Measure | Beloit | Mitchell County |
|---|---|---|
| Median home value | $99,100 | $109,600 |
| Median property tax | $2,087 | $2,084 |
| Effective tax rate | 2.106% | 1.901% |
| Median gross rent | $739 | $653 |
| Population | 3,141 | 5,767 |
The weather behind that power bill
Beloit sits in Mitchell County, which averages a high of 91.8°F in its hottest month and a low of 16.9°F in its coldest, with 29.08" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,496 cooling and 5,361 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Mitchell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mitchell County
No other places of this size are published in Mitchell County.
Full Mitchell County cost breakdown · Every county in Kansas
Common questions
How much does it cost to own a home in Beloit?
A $99,000 home in Beloit, Kansas costs approximately $1,027 per month with 20% down at 6.66%. That is $509 principal and interest, $174 property tax, $58 homeowners insurance, $204 utilities and $83 set aside for maintenance.
What is the property tax rate in Beloit?
Beloit has an effective property tax rate of 2.106%, based on a median home value of $99,100 and median real estate taxes of $2,087. That is higher than the Mitchell County average of 1.901%.
What is the average home price in Beloit?
The median owner-occupied home value in Beloit, Kansas is $99,100, against $109,600 across Mitchell County.
Is it cheaper to rent or buy in Beloit?
Median gross rent in Beloit is $739 a month, against $1,027 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 Beloit — 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.