Total monthly cost of ownership
Cost to Own a Home in Norton, Kansas
A $94,000 home here costs
$938per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $455 higher every month — 94% 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.
Norton against Norton County and Kansas
| Measure | Norton | Norton County |
|---|---|---|
| Median home value | $94,100 | $106,300 |
| Median property tax | $1,418 | $1,585 |
| Effective tax rate | 1.507% | 1.491% |
| Median gross rent | $824 | $642 |
| Population | 2,704 | 5,392 |
The weather behind that power bill
Norton sits in Norton County, which averages a high of 92.1°F in its hottest month and a low of 14.3°F in its coldest, with 26.22" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,170 cooling and 6,015 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Norton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Norton County
No other places of this size are published in Norton County.
Common questions
How much does it cost to own a home in Norton?
A $94,000 home in Norton, Kansas costs approximately $938 per month with 20% down at 6.66%. That is $483 principal and interest, $118 property tax, $55 homeowners insurance, $204 utilities and $78 set aside for maintenance.
What is the property tax rate in Norton?
Norton has an effective property tax rate of 1.507%, based on a median home value of $94,100 and median real estate taxes of $1,418. That is higher than the Norton County average of 1.491%.
What is the average home price in Norton?
The median owner-occupied home value in Norton, Kansas is $94,100, against $106,300 across Norton County.
Is it cheaper to rent or buy in Norton?
Median gross rent in Norton is $824 a month, against $938 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 Norton — 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.