Total monthly cost of ownership
Cost to Own a Home in Oakley, Kansas
A $119,000 home here costs
$1,214per 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 $52,000 a year.
A standard mortgage calculator would have told you $649. The real number is $565 higher every month, 87% more than the payment most buyers budget for.
Compare Thomas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Oakley from a five-year rolling sample, and with about 2,049 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 Thomas 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.
Oakley against Thomas County and Kansas
| Measure | Oakley | Thomas County |
|---|---|---|
| Median home value | $118,700 | $165,900 |
| Median property tax | $2,306 | $2,192 |
| Effective tax rate | 1.943% | 1.321% |
| Median gross rent | $781 | $753 |
| Population | 2,049 | 7,913 |
Oakley extends across 3 counties. Figures here use Thomas County, where most of its housing sits.
The weather behind that power bill
Oakley sits in Thomas County, which averages a high of 91.0°F in its hottest month and a low of 15.1°F in its coldest, with 20.39" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 1,069 cooling and 5,851 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Thomas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Thomas County
Talk to someone who works this market
These are Oakley 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 Oakley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oakley I already own here and may sell
Common questions
How much does it cost to own a home in Oakley?
A $119,000 home in Oakley, Kansas costs approximately $1,214 per month with 20% down at 7.24%. That is $649 principal and interest, $193 property tax, $69 homeowners insurance, $204 utilities and $99 set aside for maintenance.
What is the property tax rate in Oakley?
Oakley has an effective property tax rate of 1.943%, based on a median home value of $118,700 and median real estate taxes of $2,306. That is higher than the Thomas County average of 1.321%.
What is the average home price in Oakley?
The median owner-occupied home value in Oakley, Kansas is $118,700, against $165,900 across Thomas County.
Is it cheaper to rent or buy in Oakley?
Median gross rent in Oakley is $781 a month, against $1,214 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 Oakley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oakley, Kansas at today's rate takes a household income of roughly $52,000 a year. That covers the full $1,214 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oakley, 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.