Total monthly cost of ownership
Cost to Own a Home in Louisburg, Kansas
A $258,000 home here costs
$2,199per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,326. The real number is $873 higher every month — 66% 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.
Louisburg against Miami County and Kansas
| Measure | Louisburg | Miami County |
|---|---|---|
| Median home value | $257,600 | $277,700 |
| Median property tax | $3,632 | $3,406 |
| Effective tax rate | 1.410% | 1.227% |
| Median gross rent | $1,446 | $1,101 |
| Population | 5,034 | 34,625 |
The weather behind that power bill
Louisburg sits in Miami County, which averages a high of 88.6°F in its hottest month and a low of 19.0°F in its coldest, with 41.36" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 1,385 cooling and 4,999 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Miami County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Miami County
Common questions
How much does it cost to own a home in Louisburg?
A $258,000 home in Louisburg, Kansas costs approximately $2,199 per month with 20% down at 6.66%. That is $1,326 principal and interest, $303 property tax, $150 homeowners insurance, $204 utilities and $215 set aside for maintenance.
What is the property tax rate in Louisburg?
Louisburg has an effective property tax rate of 1.410%, based on a median home value of $257,600 and median real estate taxes of $3,632. That is higher than the Miami County average of 1.227%.
What is the average home price in Louisburg?
The median owner-occupied home value in Louisburg, Kansas is $257,600, against $277,700 across Miami County.
Is it cheaper to rent or buy in Louisburg?
Median gross rent in Louisburg is $1,446 a month, against $2,199 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 Louisburg — 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.