The typical owner-occupied home in Smith Center is worth about $90,400, 58% below the Kansas median of $217,200 and 73% below the national median of $332,700. Owners pay a median $1,908 a year in property taxes, about 2.11% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $56,007 a year, so the median home costs 1.6 times the median income (2.9 times for Kansas). 82% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Smith Center at a glance
| Smith Center | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $90,400 | $217,200 | $332,700 |
| Median property tax paid per year | $1,908 | $2,798 | $3,119 |
| Property tax as a share of value | 2.11% | 1.29% | 0.94% |
| Median household income | $56,007 | $74,275 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 45% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,006 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 19.4% | 21.0% |
| Median rent | $678 | $1,060 | $1,413 |
| Rent as a share of renters' income | 31.4% | 27.1% | 30.6% |
| Median year homes were built | 1957 | 1976 | 1980 |
| Vacant homes | 16.0% | 9.2% | 10.1% |
| Population | 1,680 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Smith Center
At this week's average 30-year rate of 7.11%, buying the median Smith Center home of $90,400 with 20% down costs about $683 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $834, 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 $29,277 for the 20%-down payment. That payment is 15% of the median Smith Center household income of $56,007; at that income and 20% down, the 28% guideline points to a home of about $173,000.
The median rent here is $678 a month, so owning the median home costs about $5 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,080 |
|---|---|
| Loan amount | $72,320 |
| Principal and interest | $486 |
| Property taxes (2.11% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $683 |
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| Down payment | $3,164 |
|---|---|
| Loan amount | $88,763 |
| Principal and interest | $597 |
| Property taxes (2.11% a year) | $159 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $834 |
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Questions about home buying in Smith Center
What is the median home value in Smith Center?
About $90,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Smith Center?
Homeowners pay a median $1,908 a year, which is about 2.11% 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 Smith Center?
For the median home with 20% down at 7.11%, the payment is about $683 a month. Keeping that under 28% of gross income takes about $29,277 a year.
More about Smith Center
- Mortgage Refinance in Smith Center
- Debt Relief in Smith Center
- Home Equity Loans in Smith Center
- 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