Mortgage Calculator & Closing Costs: Garden City, KS
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Garden City, Kansas.
Median Home Price
$175K
Population
28K
Avg Monthly Rent
$850
Property Tax Rate
1.41% *
* Property tax shown is the Kansas state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Garden City.
Garden City vs Kansas Median
The median home price in Garden City is $175,000, which is 22% below the Kansas state median of $225,000.
Mortgage Calculator — Garden City, KS
Pre-filled with Garden City median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$1,595/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $206
Insurance: $242
PMI: $97
10% Down
$1,535/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $206
Insurance: $242
PMI: $92
20% Down (No PMI)
$1,332/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $206
Insurance: $242
Income needed (28% rule): $57K/year with 20% down, $66K/year with 10% down.
Rent vs Buy in Garden City
Rent
$850/mo
vs
Buy (10% down)
$1,535/mo
Price-to-rent ratio: 17.2 — A ratio between 15-20 means the rent vs buy decision in Garden City depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Garden City is $175,000, 22% below the Kansas state median of $225,000. With a population of 28,310, Garden City is a smaller market where home prices tend to be more accessible than in many parts of Kansas.
Property taxes in Kansas average 1.41% annually. This moderate property tax rate means a $175,000 home in Garden City would carry roughly $206/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Garden City is $850/month. The price-to-rent ratio in Garden City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Garden City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kansas's KHRC First-Time Homebuyer program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Garden City.