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Lorraine

Learn about the people, housing, costs and businesses in Lorraine, Kansas

Median Home$107,100
Median Rent$735/month
Population146
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing7% construction
Home Value Growth⬆⬆+17.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners90% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableTransit82/100 · excellent transit access
Lorraine
KS

Frequently Asked Questions

What are today's mortgage rates in Lorraine?

As of today, the 30-year fixed mortgage rate for Lorraine is approximately 6.927% (6.964% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lorraine?

The median home value in Lorraine is $107k. The median monthly rent is $735. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lorraine?

Home values in Lorraine have increased 17.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lorraine?

Based on a typical all-in ownership cost of $703/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lorraine is $61k/year.

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What industries drive the economy in Lorraine?

The largest employment sectors in Lorraine are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.