Kansas City appreciation rates and housing market information

Kansas City housing market information

With 146,867 people, 61,447 houses or apartments, and a median cost of homes of $81,119,

single-family detached homes are the single most common housing type in Kansas City, accounting for 69.77% of the city's housing units. Other types of housing that are prevalent in Kansas City include large apartment complexes or high rise apartments (14.60%), duplexes, homes converted to apartments, or other small apartment buildings (8.80%), row houses and other attached homes (4.08%), and a few mobile homes or trailers (2.59%).

People in Kansas City primarily live in small (one, two, or no bedroom) single-family detached homes. Kansas City has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kansas City's housing was primarily built during this period, from the '40s through the '60s. A full 54.04% of the city's housing hails from this era. Other housing ages represented in Kansas City include homes built between 1970-1994 (24.91%), and housing constructed from 1939 and earlier (19.18%). There's also some housing in Kansas City built between 1995 and later (1.87%).

Kansas City home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Kansas City, where house values have increased just 27.38%, which is an average annual increase of 2.73%. NeighborhoodScout's data show that in the latest quarter, Kansas City house values appreciated 0.42%, which is an annualized rate of 1.68%. This rate is lower than the appreciation rate found in 50% of the cities and towns in America.

Over the last year, Kansas City appreciation rates have trailed the rest of the nation. In the last twelve months, Kansas City's appreciation rate has been -3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kansas City were at 0.42%, which equates to an annual appreciation rate of 1.68%.

Relative to Kansas, our data show that Kansas City's latest annual appreciation rate is higher than 0% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kansas City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kansas City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Kansas City real estate investment or home purchase decisions.