Compare Kansas mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Kansas.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kansas. Plus, shopping lenders is free and there is no obligation.
December 7, 2023
Below we offer valuable insights on the housing market and real estate prices in Kansas. Understand how much you need to make to buy a house in Kansas, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Kansas is affordable for you. We provide this helpful information to help you decide if living in Kansas is right for you.
The median home value for Kansas is $214,609
Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Kansas is $44,771
With this income, you could qualify for a $193,148 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kansas is $1,037
The median household income for Kansas is $66,809
Based on this income, you can afford a home valued at approximately $320,246
The home price you can afford to buy based on household income in Kansas is 149% of the median home value which means housing prices are super affordable. Kansas ranks 7 out of 50 states for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the real estate market in Kansas is super affordable