Mortgage payment estimates, closing cost breakdowns, and homebuying data for Olathe, Kansas.
Median Home Price
$365K
Population
141K
Avg Monthly Rent
$1,380
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 Olathe.
Olathe vs Kansas Median
The median home price in Olathe is $365,000, which is 62% above the Kansas state median of $225,000.
Mortgage Calculator — Olathe, KS
Pre-filled with Olathe median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $365K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$3,065/mo
Down: $18,250
Loan: $347K
P&I: $2,192
Tax: $429
Insurance: $242
PMI: $202
10% Down
$2,939/mo
Down: $36,500
Loan: $329K
P&I: $2,076
Tax: $429
Insurance: $242
PMI: $192
20% Down (No PMI)
$2,516/mo
Down: $73,000
Loan: $292K
P&I: $1,846
Tax: $429
Insurance: $242
Income needed (28% rule): $108K/year with 20% down, $126K/year with 10% down.
Rent vs Buy in Olathe
Rent
$1,380/mo
vs
Buy (10% down)
$2,939/mo
Price-to-rent ratio: 22.0 — At a ratio above 20, renting may be more economical in Olathe for shorter stays. Buying costs $1,559 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 Olathe is $365,000, 62% above the Kansas state median of $225,000. With a population of 141,290, Olathe is a mid-size city 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 $365,000 home in Olathe would carry roughly $429/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Olathe is $1,380/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.
Olathe presents moderate affordability. The $365K 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 Olathe.