Total monthly cost of ownership
Cost to Own a Home in Park City, Kansas
A $164,000 home here costs
$1,453per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $610 higher every month — 72% 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.
Park City against Sedgwick County and Kansas
| Measure | Park City | Sedgwick County |
|---|---|---|
| Median home value | $163,800 | $190,700 |
| Median property tax | $2,075 | $2,345 |
| Effective tax rate | 1.267% | 1.230% |
| Median gross rent | $1,065 | $977 |
| Population | 7,726 | 524,810 |
The weather behind that power bill
Park City sits in Sedgwick County, which averages a high of 92.6°F in its hottest month and a low of 22.5°F in its coldest, with 34.31" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,774 cooling and 4,414 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Sedgwick County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sedgwick County
Full Sedgwick County cost breakdown · Every county in Kansas
Common questions
How much does it cost to own a home in Park City?
A $164,000 home in Park City, Kansas costs approximately $1,453 per month with 20% down at 6.66%. That is $843 principal and interest, $173 property tax, $96 homeowners insurance, $204 utilities and $137 set aside for maintenance.
What is the property tax rate in Park City?
Park City has an effective property tax rate of 1.267%, based on a median home value of $163,800 and median real estate taxes of $2,075. That is higher than the Sedgwick County average of 1.230%.
What is the average home price in Park City?
The median owner-occupied home value in Park City, Kansas is $163,800, against $190,700 across Sedgwick County.
Is it cheaper to rent or buy in Park City?
Median gross rent in Park City is $1,065 a month, against $1,453 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 Park City — 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.