The typical owner-occupied home in Liberal is worth about $137,100, 37% below the Kansas median of $217,200 and 59% below the national median of $332,700. Owners pay a median $2,363 a year in property taxes, about 1.72% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $63,706 a year, so the median home costs 2.2 times the median income (2.9 times for Kansas). 59% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Liberal at a glance
| Liberal | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $137,100 | $217,200 | $332,700 |
| Median property tax paid per year | $2,363 | $2,798 | $3,119 |
| Property tax as a share of value | 1.72% | 1.29% | 0.94% |
| Median household income | $63,706 | $74,275 | $80,734 |
| Homes lived in by their owners | 59% | 67% | 65% |
| Owner homes with a mortgage | 42% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,356 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 19.4% | 21.0% |
| Median rent | $900 | $1,060 | $1,413 |
| Rent as a share of renters' income | 22.3% | 27.1% | 30.6% |
| Median year homes were built | 1973 | 1976 | 1980 |
| Vacant homes | 12.2% | 9.2% | 10.1% |
| Population | 19,316 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Liberal
At this week's average 30-year rate of 7.11%, buying the median Liberal home of $137,100 with 20% down costs about $991 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,220, 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 $42,491 for the 20%-down payment. That payment is 19% of the median Liberal household income of $63,706; at that income and 20% down, the 28% guideline points to a home of about $206,000.
The median rent here is $900 a month, so owning the median home costs about $91 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,420 |
|---|---|
| Loan amount | $109,680 |
| Principal and interest | $738 |
| Property taxes (1.72% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $991 |
Change the numbers in the calculator
| Down payment | $4,798 |
|---|---|
| Loan amount | $134,617 |
| Principal and interest | $906 |
| Property taxes (1.72% a year) | $197 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $61 |
| Total per month | $1,220 |
Change the numbers in the calculator
Questions about home buying in Liberal
What is the median home value in Liberal?
About $137,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Liberal?
Homeowners pay a median $2,363 a year, which is about 1.72% 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 Liberal?
For the median home with 20% down at 7.11%, the payment is about $991 a month. Keeping that under 28% of gross income takes about $42,491 a year.
More about Liberal
- Mortgage Refinance in Liberal
- Debt Relief in Liberal
- Home Equity Loans in Liberal
- 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