Total monthly cost of ownership
Cost to Own a Home in WaKeeney, Kansas
A $118,000 home here costs
$1,141per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $535 higher every month — 88% 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.
WaKeeney against Trego County and Kansas
| Measure | WaKeeney | Trego County |
|---|---|---|
| Median home value | $118,000 | $115,400 |
| Median property tax | $1,964 | $1,680 |
| Effective tax rate | 1.664% | 1.456% |
| Median gross rent | $719 | $694 |
| Population | 1,838 | 2,778 |
The weather behind that power bill
WaKeeney sits in Trego County, which averages a high of 92.9°F in its hottest month and a low of 17.4°F in its coldest, with 23.92" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 1,373 cooling and 5,380 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Trego County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Trego County
No other places of this size are published in Trego County.
Common questions
How much does it cost to own a home in WaKeeney?
A $118,000 home in WaKeeney, Kansas costs approximately $1,141 per month with 20% down at 6.66%. That is $607 principal and interest, $164 property tax, $69 homeowners insurance, $204 utilities and $98 set aside for maintenance.
What is the property tax rate in WaKeeney?
WaKeeney has an effective property tax rate of 1.664%, based on a median home value of $118,000 and median real estate taxes of $1,964. That is higher than the Trego County average of 1.456%.
What is the average home price in WaKeeney?
The median owner-occupied home value in WaKeeney, Kansas is $118,000, against $115,400 across Trego County.
Is it cheaper to rent or buy in WaKeeney?
Median gross rent in WaKeeney is $719 a month, against $1,141 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 WaKeeney — 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.