The typical owner-occupied home in De Soto is worth about $422,400, 94% above the Kansas median of $217,200 and 27% above the national median of $332,700. Owners pay a median $5,552 a year in property taxes, about 1.31% of their home's value, close to the Kansas rate of 1.29%. The median household earns $104,000 a year, so the median home costs 4.1 times the median income (2.9 times for Kansas). 72% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
De Soto at a glance
| De Soto | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $422,400 | $217,200 | $332,700 |
| Median property tax paid per year | $5,552 | $2,798 | $3,119 |
| Property tax as a share of value | 1.31% | 1.29% | 0.94% |
| Median household income | $104,000 | $74,275 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 65% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $3,080 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 19.4% | 21.0% |
| Median rent | $1,158 | $1,060 | $1,413 |
| Rent as a share of renters' income | 30.8% | 27.1% | 30.6% |
| Median year homes were built | 1992 | 1976 | 1980 |
| Vacant homes | 3.6% | 9.2% | 10.1% |
| Population | 6,414 | 2,947,197 | 334,922,499 |
What a typical home costs per month in De Soto
At this week's average 30-year rate of 7.11%, buying the median De Soto home of $422,400 with 20% down costs about $2,910 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,614, 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 $124,728 for the 20%-down payment. That payment is 34% of the median De Soto household income of $104,000; at that income and 20% down, the 28% guideline points to a home of about $352,000.
The median rent here is $1,158 a month, so owning the median home costs about $1,752 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,480 |
|---|---|
| Loan amount | $337,920 |
| Principal and interest | $2,273 |
| Property taxes (1.31% a year) | $461 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $2,910 |
Change the numbers in the calculator
| Down payment | $14,784 |
|---|---|
| Loan amount | $414,749 |
| Principal and interest | $2,790 |
| Property taxes (1.31% a year) | $461 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $187 |
| Total per month | $3,614 |
Change the numbers in the calculator
Questions about home buying in De Soto
What is the median home value in De Soto?
About $422,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in De Soto?
Homeowners pay a median $5,552 a year, which is about 1.31% 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 De Soto?
For the median home with 20% down at 7.11%, the payment is about $2,910 a month. Keeping that under 28% of gross income takes about $124,728 a year.
More about De Soto
- Mortgage Refinance in De Soto
- Debt Relief in De Soto
- Home Equity Loans in De Soto
- 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