Overland Park appreciation rates and housing market information

Overland Park housing market information

With 148,848 people, 62,686 houses or apartments, and a median cost of homes of $251,671, Overland Park real estate is some of the most expensive in Kansas, although Overland Park home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Overland Park, accounting for 61.83% of the city's housing units. Other types of housing that are prevalent in Overland Park include large apartment complexes or high rise apartments (21.65%), row houses and other attached homes (9.57%), and a few duplexes, homes converted to apartments, or other small apartment buildings (6.88%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Overland Park. Owner-occupied housing accounts for 64.98% of Overland Park's homes, and 60.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Overland Park 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 Overland Park built from 1940-1969 (31.39%). A lesser amount of the housing stock also hails from 1995 and later (15.73%), and some were built from 1939 and earlier (15.73%).

Overland Park home appreciation rates

Real estate appreciation rates in Overland Park have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.66% during the period.

NeighborhoodScout's data show that during the latest twelve months, Overland Park home appreciation rates, at 0.89%, have been at or slightly above the national average. In the latest quarter, Overland Park's appreciation rate has been 1.40%, which annualizes to a rate of 5.60%.

Relative to Kansas, our data show that Overland Park's latest annual appreciation rate is higher than 11% 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 Overland Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Overland Park - 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 Overland Park real estate investment or home purchase decisions.