Rent vs Buy in Kansas City, KS
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Buying looks favorable in Kansas City, KS
Price-to-rent ratio is 12.6 (under 15 favors buying, over 21 favors renting). Renting costs $1,346/mo; owning runs about $1,524/mo — $178/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,082 |
| Property tax | $187 |
| Home insurance | $85 |
| Maintenance | $170 |
| Total to own | $1,524 |
| Average 2BR rent | $1,346 |
Based on a median home value of $204,242 with a $40,848 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.