Market Overview
Home Prices in Wakefield, KS
The median home value in Wakefield, KS is $241,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wakefield are priced41% below average.
Over the past five years, Wakefield home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Wakefield Home Price Trend
2020
$167,825
$168K
—
2021
$179,283
$179K
+6.8%
2022
$204,452
$204K
+14.0%
2023
$206,235
$206K
+0.9%
2024
$221,308
$221K
+7.3%
2025
$225,462
$225K
+1.9%
2026
$241,259
$241K
+7.0%
City Comparison
Wakefield vs. National Median
🏠 Wakefield
$241,259
National Median
$410,000
At $241,259, homes in Wakefield cost 41% below the national median of $410,000. This makes Wakefield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wakefield?
20% Down Payment
$48,252
on $241,259
Monthly P&I
$1,258/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,598/mo
incl. taxes & insurance
Income Needed
$63,920
gross annual (30% rule)
10% Down Option
$24,126
+ PMI applies
Loan Amount (20% dn)
$193,007
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 Wakefield, KS?
The median home value in Wakefield is $241,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Wakefield?
Over the past year, home values in Wakefield have increased by 7%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Wakefield?
To comfortably afford the median home price of $241,259 with a 20% down payment ($48,252) at today's rates (6.8%), you'd need a gross annual income of approximately $63,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Wakefield compare to the national average home price?
The national median home value is approximately $410,000. At $241,259, homes in Wakefield are 41% below the national average.