The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.
But all things are not equal when it comes to real estate in the United States.
Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in Kansas. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.
The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency's House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.
Keep reading to discover which county in Kansas has the lowest home prices.
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#30. Washington County
- Monthly mortgage payment in 2020: $315 (9.2% less than 2019)
- Monthly mortgage payment in 2019: $347
- Median home value in 2020: $85,200
- Ranked #330 out of 3,120 counties nationwide
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#29. Hamilton County
- Monthly mortgage payment in 2020: $315 (16.0% less than 2019)
- Monthly mortgage payment in 2019: $375
- Median home value in 2020: $85,000
- Ranked #322 out of 3,120 counties nationwide
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#28. Phillips County
- Monthly mortgage payment in 2020: $306 (13.8% less than 2019)
- Monthly mortgage payment in 2019: $355
- Median home value in 2020: $82,700
- Ranked #277 out of 3,120 counties nationwide
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#27. Allen County
- Monthly mortgage payment in 2020: $305 (12.6% less than 2019)
- Monthly mortgage payment in 2019: $349
- Median home value in 2020: $82,400
- Ranked #270 out of 3,120 counties nationwide
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#26. Rooks County
- Monthly mortgage payment in 2020: $303 (12.4% less than 2019)
- Monthly mortgage payment in 2019: $346
- Median home value in 2020: $81,900
- Ranked #259 out of 3,120 counties nationwide
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#25. Cheyenne County
- Monthly mortgage payment in 2020: $303 (18.5% less than 2019)
- Monthly mortgage payment in 2019: $372
- Median home value in 2020: $81,800
- Ranked #258 out of 3,120 counties nationwide
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#24. Labette County
- Monthly mortgage payment in 2020: $294 (15.8% less than 2019)
- Monthly mortgage payment in 2019: $349
- Median home value in 2020: $79,400
- Ranked #212 out of 3,120 counties nationwide
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#23. Montgomery County
- Monthly mortgage payment in 2020: $293 (11.7% less than 2019)
- Monthly mortgage payment in 2019: $332
- Median home value in 2020: $79,200
- Ranked #205 out of 3,120 counties nationwide
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#22. Clark County
- Monthly mortgage payment in 2020: $292 (15.1% less than 2019)
- Monthly mortgage payment in 2019: $344
- Median home value in 2020: $78,800
- Ranked #199 out of 3,120 counties nationwide
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#21. Cloud County
- Monthly mortgage payment in 2020: $292 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $328
- Median home value in 2020: $78,700
- Ranked #198 out of 3,120 counties nationwide
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#20. Rice County
- Monthly mortgage payment in 2020: $287 (13.3% less than 2019)
- Monthly mortgage payment in 2019: $331
- Median home value in 2020: $77,600
- Ranked #180 out of 3,120 counties nationwide
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#19. Harper County
- Monthly mortgage payment in 2020: $286 (10.9% less than 2019)
- Monthly mortgage payment in 2019: $321
- Median home value in 2020: $77,200
- Ranked #176 out of 3,120 counties nationwide
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#18. Woodson County
- Monthly mortgage payment in 2020: $283 (6.8% greater than 2019)
- Monthly mortgage payment in 2019: $265
- Median home value in 2020: $76,500
- Ranked #169 out of 3,120 counties nationwide
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#17. Wilson County
- Monthly mortgage payment in 2020: $283 (5.4% less than 2019)
- Monthly mortgage payment in 2019: $299
- Median home value in 2020: $76,300
- Ranked #164 out of 3,120 counties nationwide
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#16. Ness County
- Monthly mortgage payment in 2020: $282 (13.2% less than 2019)
- Monthly mortgage payment in 2019: $325
- Median home value in 2020: $76,100
- Ranked #162 out of 3,120 counties nationwide
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#15. Lincoln County
- Monthly mortgage payment in 2020: $280 (13.8% less than 2019)
- Monthly mortgage payment in 2019: $325
- Median home value in 2020: $75,500
- Ranked #154 out of 3,120 counties nationwide
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#14. Graham County
- Monthly mortgage payment in 2020: $279 (10.3% less than 2019)
- Monthly mortgage payment in 2019: $311
- Median home value in 2020: $75,300
- Ranked #150 out of 3,120 counties nationwide
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#13. Barber County
- Monthly mortgage payment in 2020: $278 (5.4% less than 2019)
- Monthly mortgage payment in 2019: $294
- Median home value in 2020: $75,100
- Ranked #148 out of 3,120 counties nationwide
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#12. Rush County
- Monthly mortgage payment in 2020: $272 (15.3% less than 2019)
- Monthly mortgage payment in 2019: $321
- Median home value in 2020: $73,500
- Ranked #131 out of 3,120 counties nationwide
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#11. Comanche County
- Monthly mortgage payment in 2020: $270 (22.6% less than 2019)
- Monthly mortgage payment in 2019: $349
- Median home value in 2020: $73,000
- Ranked #123 out of 3,120 counties nationwide
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#10. Smith County
- Monthly mortgage payment in 2020: $270 (9.1% less than 2019)
- Monthly mortgage payment in 2019: $297
- Median home value in 2020: $72,900
- Ranked #120 out of 3,120 counties nationwide
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#9. Osborne County
- Monthly mortgage payment in 2020: $265 (12.8% less than 2019)
- Monthly mortgage payment in 2019: $304
- Median home value in 2020: $71,700
- Ranked #112 out of 3,120 counties nationwide
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#8. Decatur County
- Monthly mortgage payment in 2020: $261 (9.1% less than 2019)
- Monthly mortgage payment in 2019: $287
- Median home value in 2020: $70,500
- Ranked #100 out of 3,120 counties nationwide
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#7. Greenwood County
- Monthly mortgage payment in 2020: $257 (8.9% less than 2019)
- Monthly mortgage payment in 2019: $282
- Median home value in 2020: $69,300
- Ranked #88 out of 3,120 counties nationwide
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#6. Republic County
- Monthly mortgage payment in 2020: $254 (8.6% less than 2019)
- Monthly mortgage payment in 2019: $278
- Median home value in 2020: $68,600
- Ranked #80 out of 3,120 counties nationwide
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#5. Stafford County
- Monthly mortgage payment in 2020: $253 (8.3% less than 2019)
- Monthly mortgage payment in 2019: $276
- Median home value in 2020: $68,500
- Ranked #79 out of 3,120 counties nationwide
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#4. Edwards County
- Monthly mortgage payment in 2020: $236 (12.3% less than 2019)
- Monthly mortgage payment in 2019: $269
- Median home value in 2020: $63,800
- Ranked #53 out of 3,120 counties nationwide
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#3. Jewell County
- Monthly mortgage payment in 2020: $216 (7.7% less than 2019)
- Monthly mortgage payment in 2019: $234
- Median home value in 2020: $58,300
- Ranked #30 out of 3,120 counties nationwide
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#2. Elk County
- Monthly mortgage payment in 2020: $210 (5.8% less than 2019)
- Monthly mortgage payment in 2019: $223
- Median home value in 2020: $56,800
- Ranked #25 out of 3,120 counties nationwide
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#1. Chautauqua County
- Monthly mortgage payment in 2020: $190 (31.4% less than 2019)
- Monthly mortgage payment in 2019: $277
- Median home value in 2020: $51,400
- Ranked #12 out of 3,120 counties nationwide
