Total monthly cost of ownership
Cost to Own a Home in Erie, Kansas
A $90,000 home here costs
$974per 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 $41,500 a year.
A standard mortgage calculator would have told you $491. The real number is $483 higher every month, 98% more than the payment most buyers budget for.
Compare Neosho County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Erie from a five-year rolling sample, and with about 1,318 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Neosho County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Erie against Neosho County and Kansas
| Measure | Erie | Neosho County |
|---|---|---|
| Median home value | $89,600 | $101,200 |
| Median property tax | $1,818 | $1,501 |
| Effective tax rate | 2.029% | 1.483% |
| Median gross rent | $548 | $650 |
| Population | 1,318 | 15,715 |
The weather behind that power bill
Erie 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
Talk to someone who works this market
These are Erie 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 Erie every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Erie?
A $90,000 home in Erie, Kansas costs approximately $974 per month with 20% down at 7.24%. That is $491 principal and interest, $152 property tax, $52 homeowners insurance, $204 utilities and $75 set aside for maintenance.
What is the property tax rate in Erie?
Erie has an effective property tax rate of 2.029%, based on a median home value of $89,600 and median real estate taxes of $1,818. That is higher than the Neosho County average of 1.483%.
What is the average home price in Erie?
The median owner-occupied home value in Erie, Kansas is $89,600, against $101,200 across Neosho County.
Is it cheaper to rent or buy in Erie?
Median gross rent in Erie is $548 a month, against $974 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 Erie?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Erie, Kansas at today's rate takes a household income of roughly $41,500 a year. That covers the full $974 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Erie, 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.