The median house value in Severance, KS is substantially lower than the US median housing value. Despite this, homes in Severance have seen a greater appreciation rate over the past year at 11.73%, compared to the national one-year appreciation rate of 8.27%. This indicates that Severance may be an attractive option for potential buyers looking for a cost-effective alternative to other areas. With its higher appreciation rate and lower home values, Severance could make an ideal investment option for homeowners looking to build equity quickly.
The median home cost in Severance is $66,800. Home appreciation the last 10 years has been 83.3%. Home Appreciation in Severance is up 13.7%.
Average Age of Homes
- The median age of Severance real estate is 78 years old
The Rental Market in Severance
- Renters make up 4.4% of the Severance population
- 0.0% of houses and apartments in Severance, 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.