Total monthly cost of ownership
Cost to Own a Home in Spearville, Kansas
A $185,000 home here costs
$1,695per 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 $72,500 a year.
A standard mortgage calculator would have told you $1,009. The real number is $686 higher every month, 68% more than the payment most buyers budget for.
Compare Ford County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Spearville from a five-year rolling sample, and with about 1,054 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 Ford 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.
Spearville against Ford County and Kansas
| Measure | Spearville | Ford County |
|---|---|---|
| Median home value | $185,400 | $132,700 |
| Median property tax | $2,650 | $2,190 |
| Effective tax rate | 1.429% | 1.650% |
| Median gross rent | $775 | $960 |
| Population | 1,054 | 34,133 |
The weather behind that power bill
Spearville sits in Ford County, which averages a high of 93.7°F in its hottest month and a low of 20.3°F in its coldest, with 22" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,549 cooling and 4,815 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Ford County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ford County
Talk to someone who works this market
These are Spearville 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 Spearville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Spearville I already own here and may sell
Common questions
How much does it cost to own a home in Spearville?
A $185,000 home in Spearville, Kansas costs approximately $1,695 per month with 20% down at 7.24%. That is $1,009 principal and interest, $220 property tax, $108 homeowners insurance, $204 utilities and $154 set aside for maintenance.
What is the property tax rate in Spearville?
Spearville has an effective property tax rate of 1.429%, based on a median home value of $185,400 and median real estate taxes of $2,650. That is lower than the Ford County average of 1.650%.
What is the average home price in Spearville?
The median owner-occupied home value in Spearville, Kansas is $185,400, against $132,700 across Ford County.
Is it cheaper to rent or buy in Spearville?
Median gross rent in Spearville is $775 a month, against $1,695 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 Spearville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Spearville, Kansas at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,695 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Spearville, 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.