Total monthly cost of ownership
Cost to Own a Home in Lincoln Center, Kansas
A $60,000 home here costs
$723per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $31,000 a year.
A standard mortgage calculator would have told you $327. The real number is $396 higher every month, 121% more than the payment most buyers budget for.
Compare Lincoln County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lincoln Center from a five-year rolling sample, and with about 1,015 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lincoln County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lincoln Center against Lincoln County and Kansas
| Measure | Lincoln Center | Lincoln County |
|---|---|---|
| Median home value | $59,500 | $92,600 |
| Median property tax | $1,280 | $1,432 |
| Effective tax rate | 2.151% | 1.546% |
| Median gross rent | $409 | $604 |
| Population | 1,015 | 2,924 |
The weather behind that power bill
Lincoln Center sits in Lincoln County, which averages a high of 92.7°F in its hottest month and a low of 16.0°F in its coldest, with 29.06" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 1,407 cooling and 5,498 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Lincoln County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
No other places of this size are published in Lincoln County.
Talk to someone who works this market
These are Lincoln Center averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Lincoln Center every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lincoln Center I already own here and may sell
Common questions
How much does it cost to own a home in Lincoln Center?
A $60,000 home in Lincoln Center, Kansas costs approximately $723 per month with 20% down at 7.24%. That is $327 principal and interest, $108 property tax, $35 homeowners insurance, $204 utilities and $50 set aside for maintenance.
What is the property tax rate in Lincoln Center?
Lincoln Center has an effective property tax rate of 2.151%, based on a median home value of $59,500 and median real estate taxes of $1,280. That is higher than the Lincoln County average of 1.546%.
What is the average home price in Lincoln Center?
The median owner-occupied home value in Lincoln Center, Kansas is $59,500, against $92,600 across Lincoln County.
Is it cheaper to rent or buy in Lincoln Center?
Median gross rent in Lincoln Center is $409 a month, against $723 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Lincoln Center?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lincoln Center, Kansas at today's rate takes a household income of roughly $31,000 a year. That covers the full $723 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lincoln Center, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Kansas.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.