The typical owner-occupied home in Louisburg is worth about $269,500, 24% above the Kansas median of $217,200 and 19% below the national median of $332,700. Owners pay a median $3,733 a year in property taxes, about 1.39% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $68,824 a year, so the median home costs 3.9 times the median income (2.9 times for Kansas). 68% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Louisburg at a glance
| Louisburg | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $269,500 | $217,200 | $332,700 |
| Median property tax paid per year | $3,733 | $2,798 | $3,119 |
| Property tax as a share of value | 1.39% | 1.29% | 0.94% |
| Median household income | $68,824 | $74,275 | $80,734 |
| Homes lived in by their owners | 68% | 67% | 65% |
| Owner homes with a mortgage | 68% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,808 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 19.4% | 21.0% |
| Median rent | $1,439 | $1,060 | $1,413 |
| Rent as a share of renters' income | 32.8% | 27.1% | 30.6% |
| Median year homes were built | 1997 | 1976 | 1980 |
| Vacant homes | 7.0% | 9.2% | 10.1% |
| Population | 5,094 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Louisburg
At this week's average 30-year rate of 7.11%, buying the median Louisburg home of $269,500 with 20% down costs about $1,875 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,324, 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 $80,349 for the 20%-down payment. That payment is 33% of the median Louisburg household income of $68,824; at that income and 20% down, the 28% guideline points to a home of about $231,000.
The median rent here is $1,439 a month, so owning the median home costs about $436 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,900 |
|---|---|
| Loan amount | $215,600 |
| Principal and interest | $1,450 |
| Property taxes (1.39% a year) | $312 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| PMI | $0 |
| Total per month | $1,875 |
Change the numbers in the calculator
| Down payment | $9,432 |
|---|---|
| Loan amount | $264,619 |
| Principal and interest | $1,780 |
| Property taxes (1.39% a year) | $312 |
| Homeowners insurance (our estimate, 0.5% a year) | $112 |
| FHA mortgage insurance | $119 |
| Total per month | $2,324 |
Change the numbers in the calculator
Questions about home buying in Louisburg
What is the median home value in Louisburg?
About $269,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Louisburg?
Homeowners pay a median $3,733 a year, which is about 1.39% 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 Louisburg?
For the median home with 20% down at 7.11%, the payment is about $1,875 a month. Keeping that under 28% of gross income takes about $80,349 a year.
More about Louisburg
- Mortgage Refinance in Louisburg
- Debt Relief in Louisburg
- Home Equity Loans in Louisburg
- 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