Market Overview
Home Prices in Lakin, KS
The median home value in Lakin, KS is $204,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakin are priced50% below average. Lakin is part of the Garden City, KS metro area.
Over the past five years, Lakin home values have risen by approximately27.2%, reflecting strong long-term appreciation in this market.
Price History
Lakin Home Price Trend
2020
$133,180
$133K
—
2021
$160,587
$161K
+20.6%
2022
$176,306
$176K
+9.8%
2023
$183,095
$183K
+3.9%
2024
$185,344
$185K
+1.2%
2025
$194,241
$194K
+4.8%
2026
$204,312
$204K
+5.2%
City Comparison
Lakin vs. National Median
🏠 Lakin
$204,312
National Median
$410,000
At $204,312, homes in Lakin cost 50% below the national median of $410,000. This makes Lakin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lakin?
20% Down Payment
$40,862
on $204,312
Monthly P&I
$1,066/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,354/mo
incl. taxes & insurance
Income Needed
$54,160
gross annual (30% rule)
10% Down Option
$20,431
+ PMI applies
Loan Amount (20% dn)
$163,450
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lakin, KS?
The median home value in Lakin is $204,312 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Lakin?
Over the past year, home values in Lakin have increased by 5.2%. Over five years, prices have risen approximately 27.2%.
How much do I need to earn to buy a home in Lakin?
To comfortably afford the median home price of $204,312 with a 20% down payment ($40,862) at today's rates (6.8%), you'd need a gross annual income of approximately $54,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakin compare to the national average home price?
The national median home value is approximately $410,000. At $204,312, homes in Lakin are 50% below the national average.
What metro area is Lakin part of?
Lakin is part of the Garden City, KS metropolitan area. Home prices and market conditions can vary across the broader metro region.