Total monthly cost of ownership
Cost to Own a Home in Cherryvale, Kansas
A $53,000 home here costs
$627per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $272. The real number is $354 higher every month — 130% 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.
Cherryvale against Montgomery County and Kansas
| Measure | Cherryvale | Montgomery County |
|---|---|---|
| Median home value | $53,300 | $92,100 |
| Median property tax | $910 | $1,562 |
| Effective tax rate | 1.707% | 1.696% |
| Median gross rent | $688 | $759 |
| Population | 2,125 | 31,143 |
The weather behind that power bill
Cherryvale sits in Montgomery County, which averages a high of 90.7°F in its hottest month and a low of 22.7°F in its coldest, with 45.4" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,618 cooling and 4,284 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Kansas
Common questions
How much does it cost to own a home in Cherryvale?
A $53,000 home in Cherryvale, Kansas costs approximately $627 per month with 20% down at 6.66%. That is $272 principal and interest, $75 property tax, $31 homeowners insurance, $204 utilities and $44 set aside for maintenance.
What is the property tax rate in Cherryvale?
Cherryvale has an effective property tax rate of 1.707%, based on a median home value of $53,300 and median real estate taxes of $910. That is higher than the Montgomery County average of 1.696%.
What is the average home price in Cherryvale?
The median owner-occupied home value in Cherryvale, Kansas is $53,300, against $92,100 across Montgomery County.
Is it cheaper to rent or buy in Cherryvale?
Median gross rent in Cherryvale is $688 a month, against $627 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cherryvale — 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.