Kansas City, KS is an affordable place to live when it comes to housing prices. The median value of a house is $163,900, much lower than the US median of $338,100. In addition, there has been a higher rate of appreciation in the past year in Kansas City compared to the national average (11.40% vs 8.27%). This means that while housing is accessible in Kansas City, its value is still increasing at a healthy rate.
The median home cost in Kansas City is $163,900. Home appreciation the last 10 years has been 127.8%. Home Appreciation in Kansas City is up 20.2%.
Average Age of Homes
- The median age of Kansas City real estate is 57 years old
The Rental Market in Kansas City
- Renters make up 35.9% of the Kansas City population
- 2.3% of houses and apartments in Kansas City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.