Total monthly cost of ownership
Cost to Own a Home in Smith Center, Kansas
A $85,000 home here costs
$950per 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 $40,500 a year.
A standard mortgage calculator would have told you $463. The real number is $487 higher every month, 105% more than the payment most buyers budget for.
Compare Smith County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Smith Center from a five-year rolling sample, and with about 1,585 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 Smith 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.
Smith Center against Smith County and Kansas
| Measure | Smith Center | Smith County |
|---|---|---|
| Median home value | $84,600 | $91,000 |
| Median property tax | $1,944 | $1,503 |
| Effective tax rate | 2.298% | 1.652% |
| Median gross rent | $646 | $601 |
| Population | 1,585 | 3,579 |
The weather behind that power bill
Smith Center sits in Smith County, which averages a high of 92.1°F in its hottest month and a low of 15.7°F in its coldest, with 26.1" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 1,342 cooling and 5,645 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Smith County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Smith County
No other places of this size are published in Smith County.
Talk to someone who works this market
These are Smith Center 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 Smith Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Smith Center I already own here and may sell
Common questions
How much does it cost to own a home in Smith Center?
A $85,000 home in Smith Center, Kansas costs approximately $950 per month with 20% down at 7.24%. That is $463 principal and interest, $163 property tax, $50 homeowners insurance, $204 utilities and $71 set aside for maintenance.
What is the property tax rate in Smith Center?
Smith Center has an effective property tax rate of 2.298%, based on a median home value of $84,600 and median real estate taxes of $1,944. That is higher than the Smith County average of 1.652%.
What is the average home price in Smith Center?
The median owner-occupied home value in Smith Center, Kansas is $84,600, against $91,000 across Smith County.
Is it cheaper to rent or buy in Smith Center?
Median gross rent in Smith Center is $646 a month, against $950 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 Smith Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Smith Center, Kansas at today's rate takes a household income of roughly $40,500 a year. That covers the full $950 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Smith Center, 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.