Mortgage Rates in Manhattan, Kansas — March 2026
Updated March 2026 | Based on Manhattan market data and regional lending conditions
Manhattan is a growing city in Kansas with a population of 54,832. The current 30-year fixed mortgage rate in Manhattan is 6.74%, which is 0.09% above the national average. With a median home price of $265,000 and a 20% down payment of $53,000, homebuyers can expect a monthly principal and interest payment of approximately $1,374.
Current Mortgage Rates in Manhattan, KS
Below are the current average mortgage rates available in the Manhattan area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.98% | 5.89% | +0.09% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.34% | 6.25% | +0.09% |
| VA | 6.14% | 6.05% | +0.09% |
| Jumbo | 6.94% | 6.85% | +0.09% |
Manhattan Housing Market Overview
The Manhattan housing market offers relatively affordable housing compared to many major cities. The median household income in Manhattan is $42,250, and the cost of living index is 88.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $72,214 to comfortably afford the median-priced home in Manhattan, which exceeds the current median household income.
Monthly Payment Breakdown for Manhattan
Based on the median home price of $265,000 with 20% down ($53,000), here is what you can expect to pay monthly in Manhattan:
15-Year vs. 30-Year Mortgage in Manhattan
Choosing a 15-year mortgage in Manhattan at 5.98% instead of a 30-year at 6.74% would save you $172,980 in total interest over the life of the loan. However, your monthly payment would be $1,787 instead of $1,374 — an increase of $413 per month.
Calculate Your Manhattan Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Manhattan
What are the current mortgage rates in Manhattan, KS?
As of March 2026, the average 30-year fixed mortgage rate in Manhattan, Kansas is 6.74%, while the 15-year fixed rate is 5.98%. FHA loans average 6.34% and VA loans 6.14%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Manhattan?
Based on the median home price of $265,000 with 20% down, the estimated monthly mortgage payment in Manhattan is $1,374 for principal and interest. Including property taxes of $311/month, the total monthly housing cost is approximately $1,685.
What income do I need to buy a home in Manhattan?
Using the 28% rule, you would need an annual income of approximately $72,214 to afford the median-priced home in Manhattan at $265,000. The median household income in Manhattan is $42,250. This means most households would need to either earn above the median or consider homes below $265,000.
Is Manhattan a good place to buy a home in 2026?
Manhattan offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in Kansas is 1.41%, which is near the national average. Manhattan has a population of 54,832 and offers a very affordable lifestyle.
Mortgage Rates in Other Kansas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Manhattan, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.