The typical owner-occupied home in Elk County is worth about $68,500, 68% below the Kansas median of $217,200 and 79% below the national median of $332,700. Owners pay a median $1,388 a year in property taxes, about 2.03% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $64,609 a year, so the median home costs 1.1 times the median income (2.9 times for Kansas). 79% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Elk County at a glance
| Elk County | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $68,500 | $217,200 | $332,700 |
| Median property tax paid per year | $1,388 | $2,798 | $3,119 |
| Property tax as a share of value | 2.03% | 1.29% | 0.94% |
| Median household income | $64,609 | $74,275 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 29% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,260 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.4% | 21.0% |
| Median rent | $552 | $1,060 | $1,413 |
| Rent as a share of renters' income | 22.2% | 27.1% | 30.6% |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 33.0% | 9.2% | 10.1% |
| Population | 2,453 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Elk County
At this week's average 30-year rate of 7.11%, buying the median Elk County home of $68,500 with 20% down costs about $513 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $627, 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 $21,988 for the 20%-down payment. That payment is 10% of the median Elk County household income of $64,609; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $552 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,700 |
|---|---|
| Loan amount | $54,800 |
| Principal and interest | $369 |
| Property taxes (2.03% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $513 |
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| Down payment | $2,398 |
|---|---|
| Loan amount | $67,259 |
| Principal and interest | $452 |
| Property taxes (2.03% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $30 |
| Total per month | $627 |
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Questions about home buying in Elk County
What is the median home value in Elk County?
About $68,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elk County?
Homeowners pay a median $1,388 a year, which is about 2.03% 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 Elk County?
For the median home with 20% down at 7.11%, the payment is about $513 a month. Keeping that under 28% of gross income takes about $21,988 a year.
More about Elk County
- Mortgage Refinance in Elk County
- Debt Relief in Elk County
- Home Equity Loans in Elk 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