Kansas Mortgage Calculator
Median home prices, property taxes, and monthly payment estimates for Kansas homeowners.
Kansas at a Glance
- Median Home Price
- $205,000
- Property Tax Rate
- 1.36%
- Median Household Income
- $69,524
- Annual Property Tax
- $2,788
Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)
Monthly Mortgage Payment in Kansas
Based on the Kansas median home price of $205,000 at 6.7% interest (30-year fixed):
| Payment Breakdown | 20% Down | 5% Down |
|---|---|---|
| Loan Amount | $164,000 | $194,750 |
| Principal and Interest | $1,058 | $1,257 |
| Property Tax (KS) | $232 | $232 |
| Homeowners Insurance | $125 | $125 |
| PMI | $0 | $81 |
| Total Monthly | $1,416 | $1,695 |
How Much House Can You Afford in Kansas?
Using the 28/36 rule (housing costs under 28% of gross income):
- With 20% down, you need ~$60,668/year to afford Kansas's median home
- With 5% down, you need ~$72,650/year
- Kansas's median household income is $69,524
Kansas insight: Kansas's property tax rate of 1.36% is near the national average.
Kansas Housing Market Overview
Kansas's housing market remains relatively affordable despite national trends. The median home price of $205,000 sits well below the U.S. median, and with a median household income of $69,524, the price-to-income ratio is roughly 2.95, indicating solid affordability. Major metro areas like Wichita (median price ~$190,000) and the Kansas City suburbs (Johnson County median ~$350,000) show significant variation; the state's overall low inventory has kept prices stable, rising only 3-4% year-over-year as of early 2025. However, the effective property tax rate of 1.36% adds roughly $2,788 annually on an average-priced home, a notable cost for buyers. Smaller cities like Topeka and Manhattan offer even lower entry points, but tighter supply in growing corridors like Lawrence keeps competition moderate.
First-Time Homebuyer Programs in Kansas
The Kansas Housing Resources Corporation (KHRC) offers the Kansas First-Time Homebuyer Program, providing 30-year fixed-rate FHA or conventional loans with down payment assistance of up to $10,000 for eligible buyers. KHRC also partners with local governments through the HOME and National Housing Trust Fund (NHTF) programs, offering additional grants up to $5,000 for closing costs. The Kansas Mortgage Credit Certificate (MCC) allows first-time buyers to claim a 20% federal tax credit on mortgage interest, capped at $2,000/year. Wichita's First Time Homebuyer Program provides up to $12,500 in forgivable grants for households earning below 80% of area median. Income limits vary by county: Johnson County caps at $82,500 for a two-person household; rural counties cap at $66,000.
Tips for Homebuyers in Kansas
1) Kansas's 1.36% property tax is high for the region—on a $205,000 home, expect ~$232/month in taxes, so factor this into your DTI. 2) Homeowners insurance is moderate at $1,300–$1,600/year, but tornado risk in the eastern half of the state pushes premiums up in counties like Shawnee and Douglas. 3) Wichita is a buyer's market for homes over $250,000, but sub-$200,000 inventory moves quickly. 4) Spring is the busiest season; consider buying in November–January for 2–4% price reductions. 5) Radon is a concern in eastern Kansas; always test during inspection and budget $800–$1,200 for mitigation. 6) Many Kansas homes have older sewer lines; a sewer scope inspection ($150–$300) can reveal costly issues before closing.
Kansas Mortgage FAQ
What is the median home price in Kansas?
The median home price in Kansas is approximately $205,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.
What is the property tax rate in Kansas?
The effective property tax rate in Kansas is approximately 1.36% (Tax Foundation). On a $205,000 home, that is about $2,788/year in property taxes.
How much income do I need to buy a home in Kansas?
Using the 28/36 rule with 20% down at 6.7%, you would need about $60,668/year to afford the median Kansas home at $205,000. With 5% down (including PMI), about $72,650.
What will my monthly mortgage payment be in Kansas?
On Kansas's median home price of $205,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $1,416. With 5% down including PMI, about $1,695.
Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.