Quick facts: Louisburg, KS

Quick Facts

97.6
Cost of Living
below US average
5,057
Population
16.41
Crime Rate per 1000
below US average
$68,438
Median Income
below US average
$382,000
Median House Price
above US average
$1435.0
Average Rent
above US average
8%
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 $68,438.

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Income Needed to Buy

βœ— Stretch
$120k/year
Based on $382,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $120k vs median $68,438
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Income Needed to Rent

βœ“ Affordable
$61k/year
Based on $1435.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($68,438) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Louisburg, KS

Louisburg is a charming small city located in the northeastern part of the state of Kansas, within Miami County. It has a rich history dating back to its founding in 1854 and has maintained a tight-knit community feel. The city is known for its strong sense of community, excellent schools, and family-friendly atmosphere. One of Louisburg's key attractions is the Louisburg Cider Mill, which is famous for its fresh apple cider and a variety of seasonal events, including an annual cider festival. The economy is bolstered by various local businesses and agriculture, contributing to its quaint downtown area. Outdoor enthusiasts can enjoy the scenic parks and recreational areas, such as Louitag Park, which offers walking trails, playgrounds, and sports facilities. The city's proximity to the Kansas City metropolitan area allows residents easy access to urban amenities while enjoying the comforts of small-town life. Overall, Louisburg represents a blend of historic charm and modern convenience, making it a desirable place for families, retirees, and anyone looking for a tranquil community in Kansas.

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