Mortgage payment estimates, closing cost breakdowns, and homebuying data for Manhattan, Kansas.
Median Home Price
$265K
Population
56K
Avg Monthly Rent
$1,080
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 Manhattan.
Manhattan vs Kansas Median
The median home price in Manhattan is $265,000, which is 18% above the Kansas state median of $225,000.
Mortgage Calculator — Manhattan, KS
Pre-filled with Manhattan median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$2,291/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $311
Insurance: $242
PMI: $147
10% Down
$2,200/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $311
Insurance: $242
PMI: $139
20% Down (No PMI)
$1,893/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $311
Insurance: $242
Income needed (28% rule): $81K/year with 20% down, $94K/year with 10% down.
Rent vs Buy in Manhattan
Rent
$1,080/mo
vs
Buy (10% down)
$2,200/mo
Price-to-rent ratio: 20.4 — At a ratio above 20, renting may be more economical in Manhattan for shorter stays. Buying costs $1,120 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Manhattan is $265,000, 18% above the Kansas state median of $225,000. With a population of 55,602, Manhattan is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Kansas average 1.41% annually. This moderate property tax rate means a $265,000 home in Manhattan would carry roughly $311/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Manhattan is $1,080/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Manhattan presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Manhattan.