The typical owner-occupied home in Bourbon County is worth about $113,800, 48% below the Kansas median of $217,200 and 66% below the national median of $332,700. Owners pay a median $1,789 a year in property taxes, about 1.57% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $59,238 a year, so the median home costs 1.9 times the median income (2.9 times for Kansas). 74% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Bourbon County at a glance
| Bourbon County | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $113,800 | $217,200 | $332,700 |
| Median property tax paid per year | $1,789 | $2,798 | $3,119 |
| Property tax as a share of value | 1.57% | 1.29% | 0.94% |
| Median household income | $59,238 | $74,275 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 43% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,201 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.4% | 21.0% |
| Median rent | $752 | $1,060 | $1,413 |
| Rent as a share of renters' income | 26.6% | 27.1% | 30.6% |
| Median year homes were built | 1957 | 1976 | 1980 |
| Vacant homes | 13.6% | 9.2% | 10.1% |
| Population | 14,394 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Bourbon County
At this week's average 30-year rate of 7.11%, buying the median Bourbon County home of $113,800 with 20% down costs about $809 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $998, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $34,660 for the 20%-down payment. That payment is 16% of the median Bourbon County household income of $59,238; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $752 a month, so owning the median home costs about $57 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,760 |
|---|---|
| Loan amount | $91,040 |
| Principal and interest | $612 |
| Property taxes (1.57% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $809 |
Change the numbers in the calculator
| Down payment | $3,983 |
|---|---|
| Loan amount | $111,739 |
| Principal and interest | $752 |
| Property taxes (1.57% a year) | $149 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $998 |
Change the numbers in the calculator
Questions about home buying in Bourbon County
What is the median home value in Bourbon County?
About $113,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bourbon County?
Homeowners pay a median $1,789 a year, which is about 1.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bourbon County?
For the median home with 20% down at 7.11%, the payment is about $809 a month. Keeping that under 28% of gross income takes about $34,660 a year.
More about Bourbon County
- Mortgage Refinance in Bourbon County
- Debt Relief in Bourbon County
- Home Equity Loans in Bourbon County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data