Compare Wichita, KS 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 Wichita.
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December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Wichita. Understand how much you need to earn to afford a home in Wichita, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Wichita fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Wichita is right for you.
The median home value for Wichita, KS (Sedgwick County) is $187,684
Based on current mortgage rates and a 10% down payment, you need to make $30,751 per year to buy the median priced home in Wichita
With this income, you could qualify for a $168,916 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 Wichita is $712
The median household income for Wichita, KS (Sedgwick County) is $64,545
Based on this income, you can afford a home valued at approximately $393,939
The home price you can afford to buy based on household income in Wichita is 210% of the median home value which means housing prices are affordable. Wichita (Sedgwick County) ranks 96 out of 105 counties in Kansas and 1,536 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Wichita, KS is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wichita (Sedgwick County) below.
Conforming loan limits for Wichita, KS
FHA loan limits for Wichita, KS