Total monthly cost of ownership
Cost to Own a Home in Goodland, Kansas
A $113,000 home here costs
$1,105per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $524 higher every month — 90% 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.
Goodland against Sherman County and Kansas
| Measure | Goodland | Sherman County |
|---|---|---|
| Median home value | $112,800 | $126,300 |
| Median property tax | $1,921 | $1,986 |
| Effective tax rate | 1.703% | 1.572% |
| Median gross rent | $850 | $852 |
| Population | 3,878 | 5,919 |
The weather behind that power bill
Goodland sits in Sherman County, which averages a high of 90.4°F in its hottest month and a low of 16.9°F in its coldest, with 19.09" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 990 cooling and 5,793 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Sherman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sherman County
No other places of this size are published in Sherman County.
Common questions
How much does it cost to own a home in Goodland?
A $113,000 home in Goodland, Kansas costs approximately $1,105 per month with 20% down at 6.66%. That is $581 principal and interest, $160 property tax, $66 homeowners insurance, $204 utilities and $94 set aside for maintenance.
What is the property tax rate in Goodland?
Goodland has an effective property tax rate of 1.703%, based on a median home value of $112,800 and median real estate taxes of $1,921. That is higher than the Sherman County average of 1.572%.
What is the average home price in Goodland?
The median owner-occupied home value in Goodland, Kansas is $112,800, against $126,300 across Sherman County.
Is it cheaper to rent or buy in Goodland?
Median gross rent in Goodland is $850 a month, against $1,105 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 Goodland — 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.