Total monthly cost of ownership
Cost to Own a Home in Chanute, Kansas
A $78,000 home here costs
$826per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $401. The real number is $425 higher every month — 106% 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.
Chanute against Neosho County and Kansas
| Measure | Chanute | Neosho County |
|---|---|---|
| Median home value | $77,900 | $101,200 |
| Median property tax | $1,327 | $1,501 |
| Effective tax rate | 1.703% | 1.483% |
| Median gross rent | $653 | $650 |
| Population | 8,629 | 15,715 |
The weather behind that power bill
Chanute sits in Neosho County, which averages a high of 91.6°F in its hottest month and a low of 23.2°F in its coldest, with 40.69" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,710 cooling and 4,226 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Neosho County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Neosho County
Common questions
How much does it cost to own a home in Chanute?
A $78,000 home in Chanute, Kansas costs approximately $826 per month with 20% down at 6.66%. That is $401 principal and interest, $111 property tax, $46 homeowners insurance, $204 utilities and $65 set aside for maintenance.
What is the property tax rate in Chanute?
Chanute has an effective property tax rate of 1.703%, based on a median home value of $77,900 and median real estate taxes of $1,327. That is higher than the Neosho County average of 1.483%.
What is the average home price in Chanute?
The median owner-occupied home value in Chanute, Kansas is $77,900, against $101,200 across Neosho County.
Is it cheaper to rent or buy in Chanute?
Median gross rent in Chanute is $653 a month, against $826 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 Chanute — 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.