The typical owner-occupied home in Hamilton is worth about $19,800, 91% below the Kansas median of $217,200 and 94% below the national median of $332,700. The median household earns $35,625 a year, so the median home costs 0.6 times the median income (2.9 times for Kansas). 82% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Hamilton at a glance
| Hamilton | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $19,800 | $217,200 | $332,700 |
| Median property tax paid per year | – | $2,798 | $3,119 |
| Median household income | $35,625 | $74,275 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 21% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $800 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 19.4% | 21.0% |
| Median rent | $694 | $1,060 | $1,413 |
| Rent as a share of renters' income | 23.5% | 27.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 31.1% | 9.2% | 10.1% |
| Population | 158 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Hamilton
At this week's average 30-year rate of 7.11%, buying the median Hamilton home of $19,800 with 20% down costs about $133 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $166, 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 $5,698 for the 20%-down payment. That payment is 4% of the median Hamilton household income of $35,625; at that income and 20% down, the 28% guideline points to a home of about $124,000.
The median rent here is $694 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $3,960 |
|---|---|
| Loan amount | $15,840 |
| Principal and interest | $107 |
| Property taxes (1.10% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $8 |
| PMI | $0 |
| Total per month | $133 |
Change the numbers in the calculator
| Down payment | $693 |
|---|---|
| Loan amount | $19,441 |
| Principal and interest | $131 |
| Property taxes (1.10% a year) | $18 |
| Homeowners insurance (our estimate, 0.5% a year) | $8 |
| FHA mortgage insurance | $9 |
| Total per month | $166 |
Change the numbers in the calculator
Questions about home buying in Hamilton
What is the median home value in Hamilton?
About $19,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Hamilton?
For the median home with 20% down at 7.11%, the payment is about $133 a month. Keeping that under 28% of gross income takes about $5,698 a year.
More about Hamilton
- Mortgage Refinance in Hamilton
- Debt Relief in Hamilton
- Home Equity Loans in Hamilton
- 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