Best Mortgage Rates in Riley County, Kansas
Manhattan area in northeastern Kansas, home to Kansas State University.
Rate data: Freddie Mac PMMS · Updated November 1, 2026 (build 2026-11-01)
| Loan Type | Riley County | Kansas Avg | National |
|---|---|---|---|
| 30-Year Fixed | 7.320% | 7.320% | 7.320% |
| 15-Year Fixed | 6.680% | 6.570% | 5.875% |
| 30-Year FHA | 7.130% | 7.070% | 6.375% |
| 30-Year VA | 6.820% | 6.820% | 6.125% |
County figures are the Kansas average adjusted for local market conditions. Actual rates vary by lender, credit score, and loan size.
In Riley County, property tax runs 1.61% of home value — $307/mo on the $229,086 median home. That's not a footnote; it's 15% of the PITI total before you finance anything.
Run the same home with 10% down and your payment includes $120/mo of PMI on top. Combined: $2,004/mo — and on an $80,000 household income, that lands a 37.6% back-end DTI, above the 43% conventional ceiling.
What this means in practice: in high-tax counties, the tax bill, not the rate, is what breaks your qualification. The lever that fixes it is usually the down payment — every 5 points of down payment removes roughly $126/mo and pulls DTI down by 1.9 points. The second lever is loan type: FHA underwrites to 57% back-end.
Your Riley County payment already includes $307/mo in property tax
And if you're putting down less than 20%, PMI adds $120/mo on top. Run your income through the DTI gauge: if it's over 43%, most conventional lenders stop the conversation there. You don't want to find that out at underwriting.
Two moves keep you in the game: a larger down payment, or a lender that writes high-DTI files. FHA caps at 57%, and some licensed lenders offer PMI-reduction programs. Match your profile against lenders rather than picking one on brand.
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Calculate your Riley County monthly payment
Principal, interest, taxes, insurance & PMI — the true monthly cost.
Frequently Asked Questions
What is the average mortgage rate in Riley County, Kansas?
The average 30-year fixed rate in Riley County is about 7.320% as of November 1, 2026, based on the state average of 7.320% adjusted for local market conditions. Your actual rate depends on credit score, loan size, and lender.
How much house can I afford in Riley County?
With a typical 20% down payment and the 7.320% county-average rate, a $100,000 household income qualifies for roughly a $400,000-$450,000 home before property taxes and insurance. Use our affordability calculator for your exact numbers.
Should I get a 15-year or 30-year mortgage in Riley County?
A 15-year loan runs about 6.680% in Riley County — around 0.75% lower than a 30-year — but the monthly payment is roughly 40-50% higher. Choose 15 years if you want to minimize total interest; choose 30 if monthly cash flow matters more.