Total monthly cost of ownership
Cost to Own a Home in Fort Riley, Kansas
A $222,000 home here costs
$1,994per 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 $85,500 a year.
A standard mortgage calculator would have told you $1,210. The real number is $783 higher every month, 65% more than the payment most buyers budget for.
Compare Riley 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.
Fort Riley against Riley County and Kansas
| Measure | Fort Riley | Riley County |
|---|---|---|
| Median home value | $222,100 | $231,200 |
| Median property tax | — | $3,317 |
| Effective tax rate | 1.435% | 1.435% |
| Median gross rent | $1,283 | $1,065 |
| Population | 8,595 | 71,710 |
Fort Riley extends across 2 counties. Figures here use Riley County, where most of its housing sits.
The weather behind that power bill
Fort Riley sits in Riley County, which averages a high of 91.5°F in its hottest month and a low of 17.8°F in its coldest, with 32.17" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,490 cooling and 5,104 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Riley County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Riley County
Talk to someone who works this market
These are Fort Riley 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 Fort Riley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fort Riley I already own here and may sell
Common questions
How much does it cost to own a home in Fort Riley?
A $222,000 home in Fort Riley, Kansas costs approximately $1,994 per month with 20% down at 7.24%. That is $1,210 principal and interest, $265 property tax, $129 homeowners insurance, $204 utilities and $185 set aside for maintenance.
What is the property tax rate in Fort Riley?
Place-level tax data is not published for Fort Riley, so the Riley County rate of 1.435% applies here.
What is the average home price in Fort Riley?
The median owner-occupied home value in Fort Riley, Kansas is $222,100, against $231,200 across Riley County.
Is it cheaper to rent or buy in Fort Riley?
Median gross rent in Fort Riley is $1,283 a month, against $1,994 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 Fort Riley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fort Riley, Kansas at today's rate takes a household income of roughly $85,500 a year. That covers the full $1,994 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fort Riley, 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.