The typical owner-occupied home in Solomon is worth about $119,300, 45% below the Kansas median of $217,200 and 64% below the national median of $332,700. Owners pay a median $1,632 a year in property taxes, about 1.37% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $51,063 a year, so the median home costs 2.3 times the median income (2.9 times for Kansas). 80% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Solomon at a glance
| Solomon | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $119,300 | $217,200 | $332,700 |
| Median property tax paid per year | $1,632 | $2,798 | $3,119 |
| Property tax as a share of value | 1.37% | 1.29% | 0.94% |
| Median household income | $51,063 | $74,275 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 59% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,250 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 19.4% | 21.0% |
| Median rent | $657 | $1,060 | $1,413 |
| Rent as a share of renters' income | 35.0% | 27.1% | 30.6% |
| Median year homes were built | 1972 | 1976 | 1980 |
| Vacant homes | 10.0% | 9.2% | 10.1% |
| Population | 892 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Solomon
At this week's average 30-year rate of 7.11%, buying the median Solomon home of $119,300 with 20% down costs about $828 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,027, 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 $35,483 for the 20%-down payment. That payment is 19% of the median Solomon household income of $51,063; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $657 a month, so owning the median home costs about $171 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,860 |
|---|---|
| Loan amount | $95,440 |
| Principal and interest | $642 |
| Property taxes (1.37% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $828 |
Change the numbers in the calculator
| Down payment | $4,176 |
|---|---|
| Loan amount | $117,139 |
| Principal and interest | $788 |
| Property taxes (1.37% a year) | $136 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,027 |
Change the numbers in the calculator
Questions about home buying in Solomon
What is the median home value in Solomon?
About $119,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Solomon?
Homeowners pay a median $1,632 a year, which is about 1.37% 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 Solomon?
For the median home with 20% down at 7.11%, the payment is about $828 a month. Keeping that under 28% of gross income takes about $35,483 a year.
More about Solomon
- Mortgage Refinance in Solomon
- Debt Relief in Solomon
- Home Equity Loans in Solomon
- 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