Total monthly cost of ownership
Cost to Own a Home in Paola, Kansas
A $195,000 home here costs
$1,709per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,002. The real number is $706 higher every month — 70% 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.
Paola against Miami County and Kansas
| Measure | Paola | Miami County |
|---|---|---|
| Median home value | $195,000 | $277,700 |
| Median property tax | $2,710 | $3,406 |
| Effective tax rate | 1.390% | 1.227% |
| Median gross rent | $1,069 | $1,101 |
| Population | 5,757 | 34,625 |
The weather behind that power bill
Paola 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 Paola?
A $195,000 home in Paola, Kansas costs approximately $1,709 per month with 20% down at 6.66%. That is $1,002 principal and interest, $226 property tax, $114 homeowners insurance, $204 utilities and $163 set aside for maintenance.
What is the property tax rate in Paola?
Paola has an effective property tax rate of 1.390%, based on a median home value of $195,000 and median real estate taxes of $2,710. That is higher than the Miami County average of 1.227%.
What is the average home price in Paola?
The median owner-occupied home value in Paola, Kansas is $195,000, against $277,700 across Miami County.
Is it cheaper to rent or buy in Paola?
Median gross rent in Paola is $1,069 a month, against $1,709 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 Paola — 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.