Overview
Kansas offers exceptional affordability with major metros in Kansas City (shared with Missouri) and Wichita. The state's aerospace industry, agricultural sector, and central location support a stable economy. College towns like Lawrence and Manhattan provide cultural amenities, while suburban Johnson County ranks among the wealthiest areas in the Midwest.
Kansas Real Estate Market
Kansas housing markets offer strong value across the state. Johnson County (Kansas City suburbs) commands premiums for excellent schools and amenities. Wichita provides affordable options with stable aerospace employment. College towns benefit from university presence. Rural areas face population decline but offer extremely low prices.
Property Taxes in Kansas
Kansas has above-average property taxes that vary by county.
Average effective rate: 1.41%
Annual tax on median home: ~$3,173
Homestead refund: Available for qualifying low-income homeowners
First-Time Buyer Programs
KHRC Programs: Kansas Housing Resources Corporation offers:
- First Time Homebuyer - Below-market rates
- Down Payment Assistance - Various programs
- Welcome Home - For military families
Closing Costs in Kansas
Kansas closing costs are low to moderate, typically 2-2.5% of purchase price.
Common costs include:
- Title insurance: Based on purchase price
- No transfer tax
- Recording fees: County-dependent
- Mortgage registration: $0.26 per $100
Frequently Asked Questions
Johnson County offers excellent schools consistently ranked among the nation's best, low crime, and high quality of life. The premium prices are offset by strong appreciation and resale values.
Wichita is the "Air Capital of the World" with major aerospace employers including Spirit AeroSystems, Textron, and Bombardier. The industry provides stable, well-paying jobs but has experienced some volatility.
Yes, Kansas experiences frequent severe weather and tornadoes, particularly in spring. Homeowners should consider storm shelters and adequate insurance. Most homes have basements.