Total monthly cost of ownership
Cost to Own a Home in Hutchinson, Kansas
A $123,000 home here costs
$1,240per 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 $53,000 a year.
A standard mortgage calculator would have told you $671. The real number is $569 higher every month, 85% more than the payment most buyers budget for.
Compare Reno 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.
Hutchinson against Reno County and Kansas
| Measure | Hutchinson | Reno County |
|---|---|---|
| Median home value | $122,600 | $125,000 |
| Median property tax | $2,292 | $2,180 |
| Effective tax rate | 1.869% | 1.744% |
| Median gross rent | $883 | $857 |
| Population | 39,837 | 61,693 |
The weather behind that power bill
Hutchinson sits in Reno County, which averages a high of 92.2°F in its hottest month and a low of 18.5°F in its coldest, with 30.29" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,489 cooling and 5,050 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Reno County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Reno County
Talk to someone who works this market
These are Hutchinson 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 Hutchinson every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hutchinson I already own here and may sell
Common questions
How much does it cost to own a home in Hutchinson?
A $123,000 home in Hutchinson, Kansas costs approximately $1,240 per month with 20% down at 7.24%. That is $671 principal and interest, $192 property tax, $72 homeowners insurance, $204 utilities and $103 set aside for maintenance.
What is the property tax rate in Hutchinson?
Hutchinson has an effective property tax rate of 1.869%, based on a median home value of $122,600 and median real estate taxes of $2,292. That is higher than the Reno County average of 1.744%.
What is the average home price in Hutchinson?
The median owner-occupied home value in Hutchinson, Kansas is $122,600, against $125,000 across Reno County.
Is it cheaper to rent or buy in Hutchinson?
Median gross rent in Hutchinson is $883 a month, against $1,240 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 Hutchinson?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hutchinson, Kansas at today's rate takes a household income of roughly $53,000 a year. That covers the full $1,240 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hutchinson, 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.