Leawood appreciation rates and housing market information

Leawood housing market information

With 27,870 people, 10,132 houses or apartments, and a median cost of homes of $429,118, Leawood house prices are not only among the most expensive in Kansas, Leawood real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Leawood, accounting for 88.22% of the town's housing units. Other types of housing that are prevalent in Leawood include large apartment complexes or high rise apartments (5.40%), row houses and other attached homes (5.16%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.07%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Leawood. Owner-occupied housing accounts for 90.46% of Leawood's homes, and 71.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Leawood built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Leawood built from 1940-1969 (30.69%). A lesser amount of the housing stock also hails from 1995 and later (17.51%), and some were built from 1939 and earlier (17.51%).

Leawood home appreciation rates

Real estate appreciation rates in Leawood have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.63% during the period.

NeighborhoodScout's data show that during the latest twelve months, Leawood home appreciation rates, at 0.86%, have been at or slightly above the national average. In the latest quarter, Leawood's appreciation rate has been 1.39%, which annualizes to a rate of 5.56%.

Relative to Kansas, our data show that Leawood's latest annual appreciation rate is higher than 10% 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 town. Individual neighborhoods within Leawood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Leawood - 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 Leawood real estate investment or home purchase decisions.