The housing market in Kansas City, MO is healthy and growing. The median value of homes in the city is currently $222,100, which is lower than the US House Median Value of $338,100. However, house appreciation in Kansas City has been growing at a faster rate over the past year with an 11.97% appreciation compared to a 8.27% appreciation nationally. This shows that Kansas City's housing market is beginning to outpace the national average and could be an attractive option for those looking for a home.
The median home cost in Kansas City is $222,100. Home appreciation the last 10 years has been 102.8%. Home Appreciation in Kansas City is up 13.9%.
Average Age of Homes
- The median age of Kansas City real estate is 52 years old
The Rental Market in Kansas City
- Renters make up 38.1% of the Kansas City population
- 2.4% 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.