The typical owner-occupied home in Park is worth about $80,600, 63% below the Kansas median of $217,200 and 76% below the national median of $332,700. Owners pay a median $1,205 a year in property taxes, about 1.50% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $78,750 a year, so the median home costs 1.0 times the median income (2.9 times for Kansas). 100% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Park at a glance
| Park | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $80,600 | $217,200 | $332,700 |
| Median property tax paid per year | $1,205 | $2,798 | $3,119 |
| Property tax as a share of value | 1.50% | 1.29% | 0.94% |
| Median household income | $78,750 | $74,275 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 40% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,054 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 12.2% | 19.4% | 21.0% |
| Median rent | – | $1,060 | $1,413 |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 28.3% | 9.2% | 10.1% |
| Population | 86 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Park
At this week's average 30-year rate of 7.11%, buying the median Park home of $80,600 with 20% down costs about $568 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $702, 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 $24,347 for the 20%-down payment. That payment is 9% of the median Park household income of $78,750; at that income and 20% down, the 28% guideline points to a home of about $261,000.
| Down payment | $16,120 |
|---|---|
| Loan amount | $64,480 |
| Principal and interest | $434 |
| Property taxes (1.50% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $568 |
Change the numbers in the calculator
| Down payment | $2,821 |
|---|---|
| Loan amount | $79,140 |
| Principal and interest | $532 |
| Property taxes (1.50% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $702 |
Change the numbers in the calculator
Questions about home buying in Park
What is the median home value in Park?
About $80,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Park?
Homeowners pay a median $1,205 a year, which is about 1.50% 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 Park?
For the median home with 20% down at 7.11%, the payment is about $568 a month. Keeping that under 28% of gross income takes about $24,347 a year.
More about Park
- Mortgage Refinance in Park
- Debt Relief in Park
- Home Equity Loans in Park
- 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