The typical owner-occupied home in Gray County is worth about $206,000, 5% below the Kansas median of $217,200 and 38% below the national median of $332,700. Owners pay a median $3,071 a year in property taxes, about 1.49% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $79,122 a year, so the median home costs 2.6 times the median income (2.9 times for Kansas). 77% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Gray County at a glance
| Gray County | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $206,000 | $217,200 | $332,700 |
| Median property tax paid per year | $3,071 | $2,798 | $3,119 |
| Property tax as a share of value | 1.49% | 1.29% | 0.94% |
| Median household income | $79,122 | $74,275 | $80,734 |
| Homes lived in by their owners | 77% | 67% | 65% |
| Owner homes with a mortgage | 49% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,458 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 19.4% | 21.0% |
| Median rent | $808 | $1,060 | $1,413 |
| Rent as a share of renters' income | 21.7% | 27.1% | 30.6% |
| Median year homes were built | 1976 | 1976 | 1980 |
| Vacant homes | 9.3% | 9.2% | 10.1% |
| Population | 5,701 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Gray County
At this week's average 30-year rate of 7.11%, buying the median Gray County home of $206,000 with 20% down costs about $1,450 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,793, 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 $62,153 for the 20%-down payment. That payment is 22% of the median Gray County household income of $79,122; at that income and 20% down, the 28% guideline points to a home of about $262,000.
The median rent here is $808 a month, so owning the median home costs about $642 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,200 |
|---|---|
| Loan amount | $164,800 |
| Principal and interest | $1,109 |
| Property taxes (1.49% a year) | $256 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,450 |
Change the numbers in the calculator
| Down payment | $7,210 |
|---|---|
| Loan amount | $202,269 |
| Principal and interest | $1,361 |
| Property taxes (1.49% a year) | $256 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,793 |
Change the numbers in the calculator
Questions about home buying in Gray County
What is the median home value in Gray County?
About $206,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gray County?
Homeowners pay a median $3,071 a year, which is about 1.49% 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 Gray County?
For the median home with 20% down at 7.11%, the payment is about $1,450 a month. Keeping that under 28% of gross income takes about $62,153 a year.
More about Gray County
- Mortgage Refinance in Gray County
- Debt Relief in Gray County
- Home Equity Loans in Gray 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