Total monthly cost of ownership
Cost to Own a Home in Garden City, Kansas
A $186,000 home here costs
$1,710per 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 $73,500 a year.
A standard mortgage calculator would have told you $1,014. The real number is $696 higher every month, 69% more than the payment most buyers budget for.
Compare Finney 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.
Garden City against Finney County and Kansas
| Measure | Garden City | Finney County |
|---|---|---|
| Median home value | $186,200 | $191,100 |
| Median property tax | $2,756 | $2,733 |
| Effective tax rate | 1.480% | 1.430% |
| Median gross rent | $990 | $991 |
| Population | 27,781 | 38,001 |
The weather behind that power bill
Garden City sits in Finney County, which averages a high of 92.2°F in its hottest month and a low of 17.6°F in its coldest, with 18.95" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 1,325 cooling and 5,174 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Finney County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Finney County
Talk to someone who works this market
These are Garden City 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 Garden City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Garden City I already own here and may sell
Common questions
How much does it cost to own a home in Garden City?
A $186,000 home in Garden City, Kansas costs approximately $1,710 per month with 20% down at 7.24%. That is $1,014 principal and interest, $229 property tax, $108 homeowners insurance, $204 utilities and $155 set aside for maintenance.
What is the property tax rate in Garden City?
Garden City has an effective property tax rate of 1.480%, based on a median home value of $186,200 and median real estate taxes of $2,756. That is higher than the Finney County average of 1.430%.
What is the average home price in Garden City?
The median owner-occupied home value in Garden City, Kansas is $186,200, against $191,100 across Finney County.
Is it cheaper to rent or buy in Garden City?
Median gross rent in Garden City is $990 a month, against $1,710 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 Garden City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Garden City, Kansas at today's rate takes a household income of roughly $73,500 a year. That covers the full $1,710 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Garden City, 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.