CALCMONEY // HOME AFFORDABILITY // KS // OVERLAND PARK
How much house can you afford in Overland Park? Based on local median home prices, current KS mortgage rates, and Overland Park property tax data.
$380,000
$2,554/mo
$109,449/yr
$294,302
Monthly housing costs of $2,554 represent 34.1% of Overland Park's median gross monthly income ($7,500/mo). At 34.1%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $380,000 |
| Down Payment (20%) | $76,000 |
| Loan Amount | $304,000 |
| Monthly PI Payment | $2,012 |
| Monthly Property Tax | $383 |
| Monthly Insurance Est. | $158 |
| Total Monthly PITI | $2,554 |
| Housing Cost % of Income | 34.1% |
| Required Income (28% rule) | $109,449/yr |
| Max Affordable Home | $294,302 |
$13,300
$3,229/mo
Overland Park Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $380,000 | Overland Park city median |
| Down Payment (20%) | $76,000 | Conventional loan |
| Monthly PITI | $2,554 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $109,449 | Annual gross |
| Max Affordable Home | $294,302 | Based on median income |
| FHA Down (3.5%) | $13,300 | Minimum FHA |
| Housing Cost % of Income | 34.1% | Median income: $90,000/yr |
| Property Tax Rate | 1.21% | $4,598/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Overland Park is $380,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $304,000, generating a monthly P&I payment of $2,012. Adding property taxes ($383/mo) and homeowners insurance ($158/mo) brings total monthly PITI to $2,554.
Overland Park's property tax rate of 1.21% is near the national average, adding a standard increment to monthly housing costs. On the Overland Park median home, that is $383/month, or $4,598 per year.
Kansas levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Overland Park should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Overland Park's median income of $90,000/year can afford up to $2,100/month in total housing costs. Based on Overland Park's mortgage rate of 6.95% and property tax rate of 1.21%, that translates to a maximum affordable home price of approximately $294,302 with 20% down on a 30-year loan.
To afford the median Overland Park home priced at $380,000, you need an annual gross income of approximately $109,449. Total monthly housing costs (principal and interest of $2,012, property taxes of $383, and insurance of $158) come to $2,554/month, which equals 28% of the required income.
At the median home price of $380,000 and median household income of $90,000, the total monthly housing cost of $2,554 represents 34.1% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Overland Park home of $380,000 is $76,000. An FHA loan requires just 3.5% down — $13,300 — but adds mortgage insurance of roughly $260/month, bringing total FHA payments to $3,229/month.