Why Kansas Ghost Towns Offer Affordable Homes

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Aug 8, 2025

Ever dreamed of owning a home for less than a car? Kansas ghost towns offer houses under $50,000, packed with history. But what’s the catch? Click to find out.

Financial market analysis from 08/08/2025. Market conditions may have changed since publication.

Have you ever driven through a town so quiet you could hear the wind whisper through the streets? That’s the vibe in parts of rural Kansas, where entire communities seem frozen in time. Houses here—sturdy, oak-lined relics of a bygone era—are selling for less than the price of a fancy electric car. It’s almost surreal: a five-bedroom home for $40,000? A historic bungalow for under $65,000? These aren’t typos. In Kansas’s so-called “ghost towns,” affordable real estate is more than a bargain—it’s a glimpse into a fading American dream and a chance to rewrite it.

The Allure of Kansas’s Forgotten Towns

In the heart of America, small towns like Coldwater, Ashland, and Englewood dot the Kansas landscape. Once bustling with farmers and factory workers, these communities have seen their populations dwindle over decades. Some, like Englewood, now house fewer than 60 souls. Others, like Coldwater, still cling to a thousand residents but feel sleepy by sundown. The reason? Aging locals, younger generations moving to cities, and industries that no longer sustain these rural outposts.

But here’s where it gets interesting: the homes left behind are dirt-cheap. We’re talking prices that make urban dwellers do a double-take. A five-bedroom house for $75,000? A three-bedroom fixer-upper for $20,000? These numbers sound like they belong in a history book, not a modern real estate listing. Yet, they’re real, and they’re drawing attention from bargain hunters, history buffs, and even recreational investors.


Why Are These Homes So Affordable?

The economics of these Kansas towns tell a story of decline. As agriculture became less profitable and industries shifted, many residents packed up for greener pastures. What’s left are homes—often well-built, with solid oak cabinetry and retro pink tile bathrooms—that have outlasted their original owners. Without the funds to tear down and rebuild, these towns have preserved their architectural heritage by default.

These homes are time capsules. They weren’t built to impress—they were built to last.

– Historic home preservation expert

The math is simple: low demand equals low prices. With fewer people vying for these properties, sellers can’t command the premiums you’d see in urban markets. But don’t mistake cheap for worthless. These homes are often structurally sound, with details like oak woodwork that would cost a fortune to replicate today. I’ve always thought there’s something poetic about a house that’s stood the test of time, waiting for someone new to call it home.

A Snapshot of the Market

Let’s break down what you can find in these Kansas towns. The listings are as varied as they are affordable, offering something for everyone from first-time buyers to investors looking for a unique opportunity.

  • A five-bedroom home in Coldwater for $75,000, complete with vintage charm.
  • A three-bedroom fixer-upper in Attica for just $20,000—perfect for DIY enthusiasts.
  • A historic bungalow in Coldwater, listed under $65,000, with oak cabinetry that’s worth half the asking price.
  • A sprawling farmstead in Ashland for $40,000, ideal for those craving space.

These prices are a stark contrast to the national median home price, which hovers around $440,000. For perspective, you could buy five of these Kansas homes for the cost of one average American house. It’s no wonder people are starting to take notice.


Who’s Buying These Homes?

So, who’s snapping up these bargains? The buyer pool is surprisingly diverse. First, there are the urban escapees—people priced out of city markets who see these towns as a chance to own property without a crushing mortgage. For them, a $50,000 home is a ticket to financial freedom, even if it means trading coffee shops for wide-open plains.

Then there are the recreational buyers. Kansas’s rolling landscapes are a magnet for hunters chasing pheasant, quail, deer, or turkey. A cheap home in a rural town makes for a perfect base camp. As one local real estate agent put it, “If you’re buying a farm for hunting and need a place to crash, these homes get snatched up fast.”

Finally, there’s a growing group of preservationists and history lovers. These buyers aren’t just looking for a deal—they’re drawn to the character of these homes. From sturdy oak beams to quirky mid-century details, these properties tell a story. One expert in historic homes noted, “These houses represent the lives of everyday people. That’s the real history we should be saving.”

The Challenges of Ghost Town Living

Before you pack your bags, let’s talk reality. Living in a Kansas ghost town isn’t for everyone. The isolation can be jarring—some of these towns have more tumbleweeds than people. Amenities like grocery stores or hospitals might be a long drive away, and job opportunities are scarce unless you’re self-employed or work remotely.

Then there’s the upkeep. Many of these homes, while structurally sound, need TLC. A $20,000 fixer-upper might require another $20,000 in repairs to make it livable. Still, even at $40,000 total, you’re getting a deal that’s unheard of in most parts of the country.

Perhaps the biggest hurdle is the sense of decline. These towns are shrinking for a reason, and reversing that trend takes more than a few new homeowners. But I’ve always believed that where there’s opportunity, there’s hope. With the right vision, these communities could see a revival.


The Potential for Revitalization

Can these ghost towns come back to life? It’s not a pipe dream, but it won’t happen overnight. Economic experts suggest that revitalization hinges on two things: jobs and people. Bringing businesses or remote work opportunities to these areas could attract new residents, who in turn would invest in the community.

Revitalization starts with opportunity. Bring jobs, and the people will follow.

– Economic development analyst

Some towns are already experimenting. Community initiatives, like turning old homes into short-term rentals for hunters or tourists, are gaining traction. Others are marketing their low cost of living to digital nomads who can work from anywhere. It’s a slow process, but the seeds of change are there.

A Personal Take: Why It Matters

I’ll be honest—there’s something deeply moving about these towns. They’re not just collections of cheap houses; they’re snapshots of a different America, one where families built lives around hard work and simple pleasures. Walking through a home with creaky oak floors and faded wallpaper, you can almost hear the stories of the people who lived there.

For me, the appeal isn’t just the price tag. It’s the chance to preserve something real, something that’s disappearing. These homes aren’t McMansions—they’re honest, built to endure. And in a world where homeownership feels like a privilege for the wealthy, these towns offer a rare opportunity to reclaim that dream.


Is It Right for You?

So, should you buy a home in a Kansas ghost town? It depends. If you crave quiet, love history, or want a low-cost entry into the housing market, these towns are worth a look. But if you need the buzz of a city or easy access to amenities, you might find the isolation tough to swallow.

  1. Assess your lifestyle: Can you handle rural living, with its peace and its challenges?
  2. Budget for repairs: Factor in the cost of updating an older home.
  3. Think long-term: Are you buying to live, invest, or preserve history?

Whatever your reasons, these homes offer a chance to own a piece of America’s past—and maybe its future. The question is: are you ready to take the leap?


A Look at the Numbers

To put things in perspective, let’s compare the cost of these Kansas homes to other markets. The table below highlights just how affordable these properties are.

LocationMedian Home PriceExample Listing
National Average$439,4503-bedroom suburban home
Coldwater, KS$75,0005-bedroom historic home
Ashland, KS$40,0005-bedroom farmstead
Attica, KS$20,0003-bedroom fixer-upper

These numbers don’t lie. For the price of a down payment in most cities, you could own a home outright in Kansas. It’s a game-changer for anyone willing to embrace the rural life.

The Bigger Picture

The story of Kansas’s ghost towns is about more than cheap real estate. It’s about the ebb and flow of communities, the resilience of the American spirit, and the chance to build something new. These towns may be quiet now, but they’re not gone. With the right mix of vision, investment, and heart, they could thrive again.

Maybe you’re not ready to move to a town with 58 residents. Fair enough. But next time you’re scrolling through real estate listings, dreaming of a home you can actually afford, think about Kansas. Those oak-lined bungalows are waiting, and they’ve got stories to tell.

If you're nervous about investing, I've got news for you: The train is leaving the station either way. You just need to decide whether you want to be on it.
— Suze Orman
Author

Steven Soarez passionately shares his financial expertise to help everyone better understand and master investing. Contact us for collaboration opportunities or sponsored article inquiries.

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