The typical owner-occupied home in Baldwin City is worth about $249,500, 15% above the Kansas median of $217,200 and 25% below the national median of $332,700. Owners pay a median $3,594 a year in property taxes, about 1.44% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $72,941 a year, so the median home costs 3.4 times the median income (2.9 times for Kansas). 65% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Baldwin City at a glance
| Baldwin City | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $249,500 | $217,200 | $332,700 |
| Median property tax paid per year | $3,594 | $2,798 | $3,119 |
| Property tax as a share of value | 1.44% | 1.29% | 0.94% |
| Median household income | $72,941 | $74,275 | $80,734 |
| Homes lived in by their owners | 65% | 67% | 65% |
| Owner homes with a mortgage | 71% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,750 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.4% | 21.0% |
| Median rent | $858 | $1,060 | $1,413 |
| Rent as a share of renters' income | 33.6% | 27.1% | 30.6% |
| Median year homes were built | 1993 | 1976 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 4,911 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Baldwin City
At this week's average 30-year rate of 7.11%, buying the median Baldwin City home of $249,500 with 20% down costs about $1,746 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,162, 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 $74,832 for the 20%-down payment. That payment is 29% of the median Baldwin City household income of $72,941; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $858 a month, so owning the median home costs about $888 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $49,900 |
|---|---|
| Loan amount | $199,600 |
| Principal and interest | $1,343 |
| Property taxes (1.44% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| PMI | $0 |
| Total per month | $1,746 |
Change the numbers in the calculator
| Down payment | $8,732 |
|---|---|
| Loan amount | $244,981 |
| Principal and interest | $1,648 |
| Property taxes (1.44% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $104 |
| FHA mortgage insurance | $110 |
| Total per month | $2,162 |
Change the numbers in the calculator
Questions about home buying in Baldwin City
What is the median home value in Baldwin City?
About $249,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Baldwin City?
Homeowners pay a median $3,594 a year, which is about 1.44% 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 Baldwin City?
For the median home with 20% down at 7.11%, the payment is about $1,746 a month. Keeping that under 28% of gross income takes about $74,832 a year.
More about Baldwin City
- Mortgage Refinance in Baldwin City
- Debt Relief in Baldwin City
- Home Equity Loans in Baldwin City
- 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