The typical owner-occupied home in Neosho Rapids is worth about $79,200, 64% below the Kansas median of $217,200 and 76% below the national median of $332,700. Owners pay a median $1,217 a year in property taxes, about 1.54% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $75,625 a year, so the median home costs 1.0 times the median income (2.9 times for Kansas). 97% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Neosho Rapids at a glance
| Neosho Rapids | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $79,200 | $217,200 | $332,700 |
| Median property tax paid per year | $1,217 | $2,798 | $3,119 |
| Property tax as a share of value | 1.54% | 1.29% | 0.94% |
| Median household income | $75,625 | $74,275 | $80,734 |
| Homes lived in by their owners | 97% | 67% | 65% |
| Owner homes with a mortgage | 55% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $894 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 13.4% | 19.4% | 21.0% |
| Median rent | – | $1,060 | $1,413 |
| Median year homes were built | 1962 | 1976 | 1980 |
| Vacant homes | 24.0% | 9.2% | 10.1% |
| Population | 276 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Neosho Rapids
At this week's average 30-year rate of 7.11%, buying the median Neosho Rapids home of $79,200 with 20% down costs about $561 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $693, 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 $24,037 for the 20%-down payment. That payment is 9% of the median Neosho Rapids household income of $75,625; at that income and 20% down, the 28% guideline points to a home of about $249,000.
| Down payment | $15,840 |
|---|---|
| Loan amount | $63,360 |
| Principal and interest | $426 |
| Property taxes (1.54% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $561 |
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| Down payment | $2,772 |
|---|---|
| Loan amount | $77,765 |
| Principal and interest | $523 |
| Property taxes (1.54% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $693 |
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Questions about home buying in Neosho Rapids
What is the median home value in Neosho Rapids?
About $79,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Neosho Rapids?
Homeowners pay a median $1,217 a year, which is about 1.54% 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 Neosho Rapids?
For the median home with 20% down at 7.11%, the payment is about $561 a month. Keeping that under 28% of gross income takes about $24,037 a year.
More about Neosho Rapids
- Mortgage Refinance in Neosho Rapids
- Debt Relief in Neosho Rapids
- Home Equity Loans in Neosho Rapids
- 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