The typical owner-occupied home in Grainfield is worth about $86,700, 60% below the Kansas median of $217,200 and 74% below the national median of $332,700. Owners pay a median $1,238 a year in property taxes, about 1.43% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $44,688 a year, so the median home costs 1.9 times the median income (2.9 times for Kansas). 68% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Grainfield at a glance
| Grainfield | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $86,700 | $217,200 | $332,700 |
| Median property tax paid per year | $1,238 | $2,798 | $3,119 |
| Property tax as a share of value | 1.43% | 1.29% | 0.94% |
| Median household income | $44,688 | $74,275 | $80,734 |
| Homes lived in by their owners | 68% | 67% | 65% |
| Owner homes with a mortgage | 25% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 19.4% | 21.0% |
| Median rent | $665 | $1,060 | $1,413 |
| Rent as a share of renters' income | 23.1% | 27.1% | 30.6% |
| Median year homes were built | 1965 | 1976 | 1980 |
| Vacant homes | 10.8% | 9.2% | 10.1% |
| Population | 232 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Grainfield
At this week's average 30-year rate of 7.11%, buying the median Grainfield home of $86,700 with 20% down costs about $606 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $750, 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 $25,973 for the 20%-down payment. That payment is 16% of the median Grainfield household income of $44,688; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $665 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,340 |
|---|---|
| Loan amount | $69,360 |
| Principal and interest | $467 |
| Property taxes (1.43% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $606 |
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| Down payment | $3,034 |
|---|---|
| Loan amount | $85,130 |
| Principal and interest | $573 |
| Property taxes (1.43% a year) | $103 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $750 |
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Questions about home buying in Grainfield
What is the median home value in Grainfield?
About $86,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grainfield?
Homeowners pay a median $1,238 a year, which is about 1.43% 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 Grainfield?
For the median home with 20% down at 7.11%, the payment is about $606 a month. Keeping that under 28% of gross income takes about $25,973 a year.
More about Grainfield
- Mortgage Refinance in Grainfield
- Debt Relief in Grainfield
- Home Equity Loans in Grainfield
- 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