Total monthly cost of ownership
Cost to Own a Home in Kansas City, Kansas
A $147,000 home here costs
$1,392per 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 $59,500 a year.
A standard mortgage calculator would have told you $801. The real number is $591 higher every month, 74% more than the payment most buyers budget for.
Compare Wyandotte 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.
Kansas City against Wyandotte County and Kansas
| Measure | Kansas City | Wyandotte County |
|---|---|---|
| Median home value | $147,100 | $152,700 |
| Median property tax | $2,152 | $2,240 |
| Effective tax rate | 1.463% | 1.467% |
| Median gross rent | $1,073 | $1,070 |
| Population | 154,776 | 167,277 |
The weather behind that power bill
Kansas City sits in Wyandotte County, which averages a high of 90.2°F in its hottest month and a low of 22.2°F in its coldest, with 38.13" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,708 cooling and 4,613 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Wyandotte County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wyandotte County
Full Wyandotte County cost breakdown · Every county in Kansas
Talk to someone who works this market
These are Kansas 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 Kansas City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kansas City I already own here and may sell
Common questions
How much does it cost to own a home in Kansas City?
A $147,000 home in Kansas City, Kansas costs approximately $1,392 per month with 20% down at 7.24%. That is $801 principal and interest, $179 property tax, $86 homeowners insurance, $204 utilities and $123 set aside for maintenance.
What is the property tax rate in Kansas City?
Kansas City has an effective property tax rate of 1.463%, based on a median home value of $147,100 and median real estate taxes of $2,152. That is in line with the Wyandotte County average of 1.467%.
What is the average home price in Kansas City?
The median owner-occupied home value in Kansas City, Kansas is $147,100, against $152,700 across Wyandotte County.
Is it cheaper to rent or buy in Kansas City?
Median gross rent in Kansas City is $1,073 a month, against $1,392 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 Kansas City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kansas City, Kansas at today's rate takes a household income of roughly $59,500 a year. That covers the full $1,392 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kansas 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.