Mortgage Calculator & Closing Costs: Overland Park, KS
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Overland Park, Kansas.
Median Home Price
$385K
Population
197K
Avg Monthly Rent
$1,450
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 Overland Park.
Overland Park vs Kansas Median
The median home price in Overland Park is $385,000, which is 71% above the Kansas state median of $225,000.
Mortgage Calculator — Overland Park, KS
Pre-filled with Overland Park median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$3,219/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $452
Insurance: $242
PMI: $213
10% Down
$3,086/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $452
Insurance: $242
PMI: $202
20% Down (No PMI)
$2,641/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $452
Insurance: $242
Income needed (28% rule): $113K/year with 20% down, $132K/year with 10% down.
Rent vs Buy in Overland Park
Rent
$1,450/mo
vs
Buy (10% down)
$3,086/mo
Price-to-rent ratio: 22.1 — At a ratio above 20, renting may be more economical in Overland Park for shorter stays. Buying costs $1,636 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 Overland Park is $385,000, 71% above the Kansas state median of $225,000. With a population of 197,238, Overland Park 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 $385,000 home in Overland Park would carry roughly $452/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Overland Park is $1,450/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.
Overland Park presents moderate affordability. The $385K 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 Overland Park.