Market Overview
Home Prices in Mulvane, KS
The median home value in Mulvane, KS is $242,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mulvane are priced41% below average. Mulvane is part of the Wichita, KS metro area.
Over the past five years, Mulvane home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Mulvane Home Price Trend
City Comparison
Mulvane vs. National Median
At $242,608, homes in Mulvane cost 41% below the national median of $410,000. This makes Mulvane a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mulvane?
20% Down Payment
$48,522
on $242,608
Monthly P&I
$1,265/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,607/mo
incl. taxes & insurance
Income Needed
$64,280
gross annual (30% rule)
10% Down Option
$24,261
+ PMI applies
Loan Amount (20% dn)
$194,086
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 Mulvane, KS?
The median home value in Mulvane is $242,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Mulvane?
Over the past year, home values in Mulvane have increased by 3.4%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Mulvane?
To comfortably afford the median home price of $242,608 with a 20% down payment ($48,522) at today's rates (6.8%), you'd need a gross annual income of approximately $64,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Mulvane compare to the national average home price?
The national median home value is approximately $410,000. At $242,608, homes in Mulvane are 41% below the national average.
What metro area is Mulvane part of?
Mulvane is part of the Wichita, KS metropolitan area. Home prices and market conditions can vary across the broader metro region.