The typical owner-occupied home in Kings Mills is worth about $331,900, 55% above the Ohio median of $214,800 and about the same as the national median of $332,700. Owners pay a median $4,473 a year in property taxes, about 1.35% of their home's value, close to the Ohio rate of 1.31%. The median household earns $139,643 a year, so the median home costs 2.4 times the median income (3.0 times for Ohio). 93% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Kings Mills at a glance
| Kings Mills | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $331,900 | $214,800 | $332,700 |
| Median property tax paid per year | $4,473 | $2,822 | $3,119 |
| Property tax as a share of value | 1.35% | 1.31% | 0.94% |
| Median household income | $139,643 | $71,389 | $80,734 |
| Homes lived in by their owners | 93% | 67% | 65% |
| Owner homes with a mortgage | 77% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,911 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 18.6% | 21.0% |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1994 | 1970 | 1980 |
| Vacant homes | 2.5% | 8.1% | 10.1% |
| Population | 1,175 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Kings Mills
At this week's average 30-year rate of 7.11%, buying the median Kings Mills home of $331,900 with 20% down costs about $2,298 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,851, 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 $98,479 for the 20%-down payment. That payment is 20% of the median Kings Mills household income of $139,643; at that income and 20% down, the 28% guideline points to a home of about $471,000.
| Down payment | $66,380 |
|---|---|
| Loan amount | $265,520 |
| Principal and interest | $1,786 |
| Property taxes (1.35% a year) | $373 |
| Homeowners insurance (our estimate, 0.5% a year) | $138 |
| PMI | $0 |
| Total per month | $2,298 |
Change the numbers in the calculator
| Down payment | $11,616 |
|---|---|
| Loan amount | $325,888 |
| Principal and interest | $2,192 |
| Property taxes (1.35% a year) | $373 |
| Homeowners insurance (our estimate, 0.5% a year) | $138 |
| FHA mortgage insurance | $147 |
| Total per month | $2,851 |
Change the numbers in the calculator
Questions about home buying in Kings Mills
What is the median home value in Kings Mills?
About $331,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kings Mills?
Homeowners pay a median $4,473 a year, which is about 1.35% 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 Kings Mills?
For the median home with 20% down at 7.11%, the payment is about $2,298 a month. Keeping that under 28% of gross income takes about $98,479 a year.
More about Kings Mills
- Mortgage Refinance in Kings Mills
- Debt Relief in Kings Mills
- Home Equity Loans in Kings Mills
- 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