Total monthly cost of ownership
Cost to Own a Home in Newton, Kansas
A $152,000 home here costs
$1,398per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $781. The real number is $616 higher every month — 79% 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.
Newton against Harvey County and Kansas
| Measure | Newton | Harvey County |
|---|---|---|
| Median home value | $151,800 | $173,300 |
| Median property tax | $2,361 | $2,517 |
| Effective tax rate | 1.555% | 1.452% |
| Median gross rent | $903 | $891 |
| Population | 18,443 | 33,823 |
The weather behind that power bill
Newton sits in Harvey County, which averages a high of 92.0°F in its hottest month and a low of 20.3°F in its coldest, with 33.77" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 1,658 cooling and 4,826 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Harvey County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harvey County
Common questions
How much does it cost to own a home in Newton?
A $152,000 home in Newton, Kansas costs approximately $1,398 per month with 20% down at 6.66%. That is $781 principal and interest, $197 property tax, $89 homeowners insurance, $204 utilities and $127 set aside for maintenance.
What is the property tax rate in Newton?
Newton has an effective property tax rate of 1.555%, based on a median home value of $151,800 and median real estate taxes of $2,361. That is higher than the Harvey County average of 1.452%.
What is the average home price in Newton?
The median owner-occupied home value in Newton, Kansas is $151,800, against $173,300 across Harvey County.
Is it cheaper to rent or buy in Newton?
Median gross rent in Newton is $903 a month, against $1,398 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 Newton — 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.