Market Overview
Home Prices in Pratt, KS
The median home value in Pratt, KS is $131,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pratt are priced68% below average.
Over the past five years, Pratt home values have risen by approximately36.2%, reflecting strong long-term appreciation in this market.
Price History
Pratt Home Price Trend
2020
$90,083
$90K
—
2021
$96,635
$97K
+7.3%
2022
$111,771
$112K
+15.7%
2023
$118,374
$118K
+5.9%
2024
$127,592
$128K
+7.8%
2025
$128,779
$129K
+0.9%
2026
$131,612
$132K
+2.2%
City Comparison
Pratt vs. National Median
🏠 Pratt
$131,612
National Median
$410,000
At $131,612, homes in Pratt cost 68% below the national median of $410,000. This makes Pratt a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pratt?
20% Down Payment
$26,322
on $131,612
Monthly P&I
$686/mo
30-yr @ 6.8%
Total Monthly Est.
~$871/mo
incl. taxes & insurance
Income Needed
$34,840
gross annual (30% rule)
10% Down Option
$13,161
+ PMI applies
Loan Amount (20% dn)
$105,290
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 Pratt, KS?
The median home value in Pratt is $131,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Pratt?
Over the past year, home values in Pratt have increased by 2.2%. Over five years, prices have risen approximately 36.2%.
How much do I need to earn to buy a home in Pratt?
To comfortably afford the median home price of $131,612 with a 20% down payment ($26,322) at today's rates (6.8%), you'd need a gross annual income of approximately $34,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Pratt compare to the national average home price?
The national median home value is approximately $410,000. At $131,612, homes in Pratt are 68% below the national average.