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Timken

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

Median Home$83,600
Median Rent$711/month
Population38
Leading IndustriesFinance & Insurance · Information & Media · Construction10% finance & insurance
Home Value Growth+0.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners78% of occupied units
NotableAffordable Market$84k median home · lower cost than 96% of the country
Timken
KS

Frequently Asked Questions

What are today's mortgage rates in Timken?

As of today, the 30-year fixed mortgage rate for Timken is approximately 6.958% (6.999% 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 Timken?

The median home value in Timken is $84k. The median monthly rent is $711. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Timken?

Home values in Timken have increased 0.9% over the past two years. The market has been relatively stable. 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 Timken?

Based on a typical all-in ownership cost of $670/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Timken is $60k/year.

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What industries drive the economy in Timken?

The largest employment sectors in Timken are public administration (25%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.