Total monthly cost of ownership
Cost to Own a Home in North Kansas City, Missouri
A $195,000 home here costs
$1,719per 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 $73,500 a year.
A standard mortgage calculator would have told you $1,063. The real number is $655 higher every month, 62% more than the payment most buyers budget for.
Compare Clay County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for North Kansas City from a five-year rolling sample, and with about 4,758 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Clay County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
North Kansas City against Clay County and Missouri
| Measure | North Kansas City | Clay County |
|---|---|---|
| Median home value | $194,700 | $256,400 |
| Median property tax | $1,953 | $2,817 |
| Effective tax rate | 1.003% | 1.099% |
| Median gross rent | $1,146 | $1,220 |
| Population | 4,758 | 255,566 |
The weather behind that power bill
North Kansas City sits in Clay County, which averages a high of 88.0°F in its hottest month and a low of 17.2°F in its coldest, with 41.21" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,266 cooling and 5,342 heating degree days, which is what sets the $160 electricity line above.
See the full climate breakdown for Clay County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clay County
Talk to someone who works this market
These are North 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 North Kansas City every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in North Kansas City?
A $195,000 home in North Kansas City, Missouri costs approximately $1,719 per month with 20% down at 7.24%. That is $1,063 principal and interest, $163 property tax, $102 homeowners insurance, $228 utilities and $163 set aside for maintenance.
What is the property tax rate in North Kansas City?
North Kansas City has an effective property tax rate of 1.003%, based on a median home value of $194,700 and median real estate taxes of $1,953. That is lower than the Clay County average of 1.099%.
What is the average home price in North Kansas City?
The median owner-occupied home value in North Kansas City, Missouri is $194,700, against $256,400 across Clay County.
Is it cheaper to rent or buy in North Kansas City?
Median gross rent in North Kansas City is $1,146 a month, against $1,719 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 North Kansas City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Kansas City, Missouri at today's rate takes a household income of roughly $73,500 a year. That covers the full $1,719 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Kansas City, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Missouri.
- 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.