Estimated Monthly Payment — Median Kansas Home
$1,645
Based on $225,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included
Median Price
$225,000
Property Tax
1.41%
Avg. HOA
$125/mo
Median Rent
$950/mo
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Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.
Market Insights
About the Kansas housing market
Kansas's housing market is among the most affordable in the country, with a median home price around $225,000. Wichita is the largest metro, with Overland Park a close second. Kansas pairs affordable home prices with a relatively stable economy, though property tax rates run above the national average. Kansas's effective property tax rate of 1.41% is above the national average.
The median Kansas home costs $225,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,162, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $1,645. First-time buyers in Kansas can explore programs through Kansas HFA.
Photo by Raychel Sanner on Unsplash
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FAQ
Kansas mortgage FAQs
What's the property tax rate in Kansas?
Kansas's effective property tax rate averages about 1.41% — above the national average. On a $225,000 home, that's roughly $264/month or $3,172/year.
How much do I need to earn to afford a typical Kansas home?
Using the 28/36 rule, a buyer would need roughly $62,000–$79,000 in gross annual income to comfortably afford Kansas's $225,000 median home with 20% down at current rates.
What first-time buyer programs are available in Kansas?
KHRC offers the First Time Homebuyer Program offering down payment and closing cost assistance up to $6,000 for income-eligible buyers. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.
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