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These days, finding an affordable place to live in the Formoso area can be challenging. Home prices in Formoso are now at a median cost of $83,221, lower than the Kansas average of $243,949.
The average cost of rent is $613/mo in Formoso, primarily driven by the current value of real estate in the Formoso area. In Formoso, 12.82% of households rent, and 65.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Formoso is $5,719 per month. Households that rent pay about 10.72% of their income on rent here. Formoso’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Courtland, KS: higher priced homes
- Montrose, KS: equally priced homes
- Lovewell, KS: higher priced homes
- Randall, KS: equally priced homes
- Kackley, KS: higher priced homes
- Scandia, KS: equally priced homes
- Mankato, KS: less expensive homes
- Webber, KS: equally priced homes
- Warwick, KS: less expensive homes
- Jewell, KS: less expensive homes
Cities with Similar Populations
- Newport, NE: higher priced homes
- Moons, TN: higher priced homes
- Morrisvale, WV: higher priced homes
- Morville, LA: equally priced homes
- Moultonville, NH: higher priced homes
- Mound, LA: higher priced homes
- Mound Station, IL: higher priced homes
- Mount Herman, OK: higher priced homes
- Mount Zion, WI: higher priced homes
- Mountain Crest, AR: higher priced homes
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