Total monthly cost of ownership
Cost to Own a Home in Peabody, Kansas
A $74,000 home here costs
$785per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $380. The real number is $404 higher every month — 106% 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.
Peabody against Marion County and Kansas
| Measure | Peabody | Marion County |
|---|---|---|
| Median home value | $73,800 | $114,400 |
| Median property tax | $1,142 | $1,974 |
| Effective tax rate | 1.547% | 1.726% |
| Median gross rent | $672 | $727 |
| Population | 1,152 | 11,795 |
The weather behind that power bill
Peabody sits in Marion County, which averages a high of 92.2°F in its hottest month and a low of 21.3°F in its coldest, with 33.94" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 1,707 cooling and 4,725 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Peabody?
A $74,000 home in Peabody, Kansas costs approximately $785 per month with 20% down at 6.66%. That is $380 principal and interest, $95 property tax, $43 homeowners insurance, $204 utilities and $62 set aside for maintenance.
What is the property tax rate in Peabody?
Peabody has an effective property tax rate of 1.547%, based on a median home value of $73,800 and median real estate taxes of $1,142. That is lower than the Marion County average of 1.726%.
What is the average home price in Peabody?
The median owner-occupied home value in Peabody, Kansas is $73,800, against $114,400 across Marion County.
Is it cheaper to rent or buy in Peabody?
Median gross rent in Peabody is $672 a month, against $785 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 Peabody — 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.