Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hutchinson, Kansas.
Median Home Price
$135K
Population
40K
Avg Monthly Rent
$750
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 Hutchinson.
Hutchinson vs Kansas Median
The median home price in Hutchinson is $135,000, which is 40% below the Kansas state median of $225,000.
Mortgage Calculator — Hutchinson, KS
Pre-filled with Hutchinson median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $135K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$1,286/mo
Down: $6,750
Loan: $128K
P&I: $811
Tax: $159
Insurance: $242
PMI: $75
10% Down
$1,239/mo
Down: $13,500
Loan: $122K
P&I: $768
Tax: $159
Insurance: $242
PMI: $71
20% Down (No PMI)
$1,083/mo
Down: $27,000
Loan: $108K
P&I: $683
Tax: $159
Insurance: $242
Income needed (28% rule): $46K/year with 20% down, $53K/year with 10% down.
Rent vs Buy in Hutchinson
Rent
$750/mo
vs
Buy (10% down)
$1,239/mo
Price-to-rent ratio: 15.0 — A ratio between 15-20 means the rent vs buy decision in Hutchinson 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 Hutchinson is $135,000, 40% below the Kansas state median of $225,000. With a population of 40,006, Hutchinson 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 $135,000 home in Hutchinson would carry roughly $159/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Hutchinson is $750/month. The price-to-rent ratio in Hutchinson is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Hutchinson 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 Hutchinson.