Mortgage Rates in Wichita, Kansas — March 2026
Updated March 2026 | Based on Wichita market data and regional lending conditions
Wichita is a mid-sized city in Kansas with a population of 397,532. The current 30-year fixed mortgage rate in Wichita is 6.74%, which is 0.09% above the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $907.
Current Mortgage Rates in Wichita, KS
Below are the current average mortgage rates available in the Wichita 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% |
Wichita Housing Market Overview
The Wichita housing market offers relatively affordable housing compared to many major cities. The median household income in Wichita is $52,013, and the cost of living index is 86.5 (national average = 100). Based on the 28% affordability rule, the median income in Wichita is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Wichita
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Wichita:
15-Year vs. 30-Year Mortgage in Wichita
Choosing a 15-year mortgage in Wichita at 5.98% instead of a 30-year at 6.74% would save you $114,120 in total interest over the life of the loan. However, your monthly payment would be $1,180 instead of $907 — an increase of $273 per month.
Calculate Your Wichita 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 Wichita
What are the current mortgage rates in Wichita, KS?
As of March 2026, the average 30-year fixed mortgage rate in Wichita, 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 Wichita?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Wichita is $907 for principal and interest. Including property taxes of $206/month, the total monthly housing cost is approximately $1,113.
What income do I need to buy a home in Wichita?
Using the 28% rule, you would need an annual income of approximately $47,700 to afford the median-priced home in Wichita at $175,000. The median household income in Wichita is $52,013. The median income is currently sufficient to meet this threshold.
Is Wichita a good place to buy a home in 2026?
Wichita offers a below-average cost of living with a cost of living index of 86.5 (national average = 100). The property tax rate in Kansas is 1.41%, which is near the national average. Wichita has a population of 397,532 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 Wichita, Kansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.