The typical owner-occupied home in Rolla is worth about $58,500, 73% below the Kansas median of $217,200 and 82% below the national median of $332,700. Owners pay a median $2,053 a year in property taxes, about 3.51% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $58,750 a year, so the median home costs 1.0 times the median income (2.9 times for Kansas). 75% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Rolla at a glance
| Rolla | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $58,500 | $217,200 | $332,700 |
| Median property tax paid per year | $2,053 | $2,798 | $3,119 |
| Property tax as a share of value | 3.51% | 1.29% | 0.94% |
| Median household income | $58,750 | $74,275 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 34% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,250 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 19.4% | 21.0% |
| Median rent | $619 | $1,060 | $1,413 |
| Rent as a share of renters' income | 19.0% | 27.1% | 30.6% |
| Median year homes were built | 1969 | 1976 | 1980 |
| Vacant homes | 36.9% | 9.2% | 10.1% |
| Population | 542 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Rolla
At this week's average 30-year rate of 7.11%, buying the median Rolla home of $58,500 with 20% down costs about $510 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $608, 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 $21,871 for the 20%-down payment. That payment is 10% of the median Rolla household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $157,000.
The median rent here is $619 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,700 |
|---|---|
| Loan amount | $46,800 |
| Principal and interest | $315 |
| Property taxes (3.51% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $510 |
Change the numbers in the calculator
| Down payment | $2,048 |
|---|---|
| Loan amount | $57,440 |
| Principal and interest | $386 |
| Property taxes (3.51% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $608 |
Change the numbers in the calculator
Questions about home buying in Rolla
What is the median home value in Rolla?
About $58,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rolla?
Homeowners pay a median $2,053 a year, which is about 3.51% 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 Rolla?
For the median home with 20% down at 7.11%, the payment is about $510 a month. Keeping that under 28% of gross income takes about $21,871 a year.
More about Rolla
- Mortgage Refinance in Rolla
- Debt Relief in Rolla
- Home Equity Loans in Rolla
- 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