Quick facts: Hoyt, KS

Quick Facts

97.6
Cost of Living
below US average
589
Population
20.37
Crime Rate per 1000
below US average
$73,750
Median Income
below US average
$384,900
Median House Price
above US average
$1299
Average Rent
below US average
7%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $73,750.

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Income Needed to Buy

βœ— Stretch
$121k/year
Based on $384,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $121k vs median $73,750
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1299/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($73,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hoyt, KS

Hoyt, Kansas, is a small city located in Jackson County, approximately 15 miles north of Topeka, the state capital. With a population of around 1,300 residents, it offers a close-knit, friendly community atmosphere. The city is characterized by its rural charm, with picturesque landscapes and a peaceful living environment. Hoyt is primarily a residential area, featuring a mix of single-family homes and local businesses that cater to the needs of its residents. The community hosts various events and activities, fostering a sense of belonging and engagement among residents. Nearby attractions include the scenic rivers and parks of the surrounding area, perfect for outdoor activities such as hiking, fishing, and picnicking. Hoyt also benefits from its proximity to Topeka, providing residents with access to a wider range of amenities, shopping, and cultural experiences while maintaining the tranquility of small-town life. Overall, Hoyt is an ideal place for those seeking a quiet, rural lifestyle with a supportive community.

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