Wallace County, KS real estate

What the numbers say

Wallace County, KS real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Wallace County pay a median of $1,405 a year in property taxes on a median home value of $105,000, an effective rate of about 1.34%. The Kansas average is 1.29%, which makes Wallace County the #26 lowest-tax of 105 counties in the state with published tax data.

Renters pay a median of $601 a month, and $600 for a two-bedroom. At today's prices a typical home costs about 15 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $105,000 home here comes to about $733 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $31,000 a year (the median household here earns $63,207).