Wallace County, Kansas home prices
Typical home $136,145 · +3.5% in a year · property tax 1.34%
The typical home in Wallace County is worth $136,145, 45% less than the Kansas typical home ($246,055). Values changed +3.5% in the past year and +24.3% over five years. Homeowners here pay a median 1.34% of their home's value in property tax each year ($1,822 on the typical home), versus 1.24% statewide.
Mortgage on the typical Wallace County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $27,229 | $108,916 | $733 | $0 | $220 | $953 | $40,800 |
| 10% down | $13,615 | $122,531 | $824 | $51 | $220 | $1,095 | $46,900 |
| 5% down | $6,807 | $129,338 | $870 | $54 | $220 | $1,144 | $49,000 |
| 3.5% down (FHA) | $4,765 | $133,679 | $899 | $60 | $220 | $1,179 | $50,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.34% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kansas.
Kansas counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Trego County | $136,189 | -3.0% | 1.45% |
| Crawford County | $137,283 | -0.2% | 1.06% |
| Bourbon County | $134,185 | +9.7% | 1.57% |
| Mitchell County | $133,773 | -4.5% | 1.66% |
| Hamilton County | $138,769 | +3.4% | 1.49% |
| Gove County | $140,598 | +1.6% | 1.46% |
| Lincoln County | $129,123 | +6.7% | 1.46% |
| Marion County | $143,239 | +5.4% | 1.62% |
| Stanton County | $143,735 | +0.3% | 2.46% |
| Greeley County | $143,863 | -5.6% | 1.89% |
Frequently asked questions
What is the average home price in Wallace County, KS?
The typical home value in Wallace County is $136,145 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Wallace County?
About $40,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Wallace County?
The median effective rate is 1.34% of home value a year (Census ACS 2024 5-year estimates).