The typical owner-occupied home in Wetmore is worth about $88,400, 59% below the Kansas median of $217,200 and 73% below the national median of $332,700. Owners pay a median $926 a year in property taxes, about 1.05% of their home's value, lower than the Kansas rate of 1.29%. The median household earns $69,375 a year, so the median home costs 1.3 times the median income (2.9 times for Kansas). 85% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Wetmore at a glance
| Wetmore | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $88,400 | $217,200 | $332,700 |
| Median property tax paid per year | $926 | $2,798 | $3,119 |
| Property tax as a share of value | 1.05% | 1.29% | 0.94% |
| Median household income | $69,375 | $74,275 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 53% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $932 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 14.9% | 19.4% | 21.0% |
| Median rent | $542 | $1,060 | $1,413 |
| Rent as a share of renters' income | 13.8% | 27.1% | 30.6% |
| Median year homes were built | 1958 | 1976 | 1980 |
| Vacant homes | 6.9% | 9.2% | 10.1% |
| Population | 342 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Wetmore
At this week's average 30-year rate of 7.11%, buying the median Wetmore home of $88,400 with 20% down costs about $590 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $737, 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 $25,282 for the 20%-down payment. That payment is 10% of the median Wetmore household income of $69,375; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $542 a month, so owning the median home costs about $48 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $17,680 |
|---|---|
| Loan amount | $70,720 |
| Principal and interest | $476 |
| Property taxes (1.05% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $590 |
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| Down payment | $3,094 |
|---|---|
| Loan amount | $86,799 |
| Principal and interest | $584 |
| Property taxes (1.05% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $737 |
Change the numbers in the calculator
Questions about home buying in Wetmore
What is the median home value in Wetmore?
About $88,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wetmore?
Homeowners pay a median $926 a year, which is about 1.05% 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 Wetmore?
For the median home with 20% down at 7.11%, the payment is about $590 a month. Keeping that under 28% of gross income takes about $25,282 a year.
More about Wetmore
- Mortgage Refinance in Wetmore
- Debt Relief in Wetmore
- Home Equity Loans in Wetmore
- 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