The typical owner-occupied home in Salina is worth about $173,200, 20% below the Kansas median of $217,200 and 48% below the national median of $332,700. Owners pay a median $2,317 a year in property taxes, about 1.34% of their home's value, close to the Kansas rate of 1.29%. The median household earns $61,783 a year, so the median home costs 2.8 times the median income (2.9 times for Kansas). 64% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Salina at a glance
| Salina | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $173,200 | $217,200 | $332,700 |
| Median property tax paid per year | $2,317 | $2,798 | $3,119 |
| Property tax as a share of value | 1.34% | 1.29% | 0.94% |
| Median household income | $61,783 | $74,275 | $80,734 |
| Homes lived in by their owners | 64% | 67% | 65% |
| Owner homes with a mortgage | 57% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,237 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 19.4% | 21.0% |
| Median rent | $959 | $1,060 | $1,413 |
| Rent as a share of renters' income | 26.5% | 27.1% | 30.6% |
| Median year homes were built | 1965 | 1976 | 1980 |
| Vacant homes | 6.7% | 9.2% | 10.1% |
| Population | 46,307 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Salina
At this week's average 30-year rate of 7.11%, buying the median Salina home of $173,200 with 20% down costs about $1,198 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,486, 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 $51,329 for the 20%-down payment. That payment is 23% of the median Salina household income of $61,783; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $959 a month, so owning the median home costs about $239 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,640 |
|---|---|
| Loan amount | $138,560 |
| Principal and interest | $932 |
| Property taxes (1.34% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,198 |
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| Down payment | $6,062 |
|---|---|
| Loan amount | $170,063 |
| Principal and interest | $1,144 |
| Property taxes (1.34% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $77 |
| Total per month | $1,486 |
Change the numbers in the calculator
Questions about home buying in Salina
What is the median home value in Salina?
About $173,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Salina?
Homeowners pay a median $2,317 a year, which is about 1.34% 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 Salina?
For the median home with 20% down at 7.11%, the payment is about $1,198 a month. Keeping that under 28% of gross income takes about $51,329 a year.
More about Salina
- Mortgage Refinance in Salina
- Debt Relief in Salina
- Home Equity Loans in Salina
- 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