Kansas City, KS has a housing median value that is significantly lower than the national median of $338,100. At only $214,300, it is much more affordable than many areas in the country. However, despite being lower than the median price for homes nationwide, Kansas City has seen a rapid growth in home appreciation over the past year at 11.40%. This is considerably higher than the 8.27% appreciation rate seen nationally which means that this area may be a great investment for those looking to buy or rent a home.
The median home cost in Kansas City (zip 66111) is $214,300. Home appreciation the last 10 years has been 127.8%. Home Appreciation in Kansas City (zip 66111) is up 20.2%.
Average Age of Homes
- The median age of Kansas City (zip 66111) real estate is 42 years old
The Rental Market in Kansas City (zip 66111)
- Renters make up 23.2% of the Kansas City (zip 66111) population
- 0.4% of houses and apartments in Kansas City (zip 66111), 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.