Kansas City, MO has an impressive housing market with a median value of $218,200. This is significantly lower than the US house median value of $338,100 and therefore provides a great opportunity for potential buyers looking to save some money. The US 1 year house appreciation rate is 8.27%, however this number increases to 11.97% in Kansas City, MO indicating that it is currently in a period of growth and could provide potential owners with a good return on investment in the future. This makes Kansas City, MO an ideal location for those looking to purchase a property right now.
The median home cost in Kansas City (zip 64116) is $218,200. Home appreciation the last 10 years has been 102.8%. Home Appreciation in Kansas City (zip 64116) is up 13.9%.
Average Age of Homes
- The median age of Kansas City (zip 64116) real estate is 46 years old
The Rental Market in Kansas City (zip 64116)
- Renters make up 44.4% of the Kansas City (zip 64116) population
- 1.4% of houses and apartments in Kansas City (zip 64116), 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.