The typical owner-occupied home in Cowley County is worth about $120,900, 44% below the Kansas median of $217,200 and 64% below the national median of $332,700. Owners pay a median $1,999 a year in property taxes, about 1.65% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $57,878 a year, so the median home costs 2.1 times the median income (2.9 times for Kansas). 68% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Cowley County at a glance
| Cowley County | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $120,900 | $217,200 | $332,700 |
| Median property tax paid per year | $1,999 | $2,798 | $3,119 |
| Property tax as a share of value | 1.65% | 1.29% | 0.94% |
| Median household income | $57,878 | $74,275 | $80,734 |
| Homes lived in by their owners | 68% | 67% | 65% |
| Owner homes with a mortgage | 52% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,295 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.4% | 21.0% |
| Median rent | $809 | $1,060 | $1,413 |
| Rent as a share of renters' income | 30.4% | 27.1% | 30.6% |
| Median year homes were built | 1961 | 1976 | 1980 |
| Vacant homes | 14.6% | 9.2% | 10.1% |
| Population | 34,411 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Cowley County
At this week's average 30-year rate of 7.11%, buying the median Cowley County home of $120,900 with 20% down costs about $867 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,069, 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 $37,168 for the 20%-down payment. That payment is 18% of the median Cowley County household income of $57,878; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $809 a month, so owning the median home costs about $58 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,180 |
|---|---|
| Loan amount | $96,720 |
| Principal and interest | $651 |
| Property taxes (1.65% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $867 |
Change the numbers in the calculator
| Down payment | $4,232 |
|---|---|
| Loan amount | $118,710 |
| Principal and interest | $799 |
| Property taxes (1.65% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,069 |
Change the numbers in the calculator
Questions about home buying in Cowley County
What is the median home value in Cowley County?
About $120,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cowley County?
Homeowners pay a median $1,999 a year, which is about 1.65% 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 Cowley County?
For the median home with 20% down at 7.11%, the payment is about $867 a month. Keeping that under 28% of gross income takes about $37,168 a year.
More about Cowley County
- Mortgage Refinance in Cowley County
- Debt Relief in Cowley County
- Home Equity Loans in Cowley 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