Bonner Springs, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bonner Springs, KS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bonner Springs Housing Market Information

With 7,606 people, 2,734 houses or apartments, and a median cost of homes of $143,976, Bonner Springs real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bonner Springs, accounting for 70.87% of the city's housing units. Other types of housing that are prevalent in Bonner Springs include large apartment complexes or high rise apartments ( 9.59%), row houses and other attached homes ( 8.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bonner Springs. Owner-occupied housing accounts for 66.32% of Bonner Springs's homes, and 61.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bonner Springs built from 1970 to 1999 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 Bonner Springs built between 1940-1969 ( 30.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.78%). There's also some housing in Bonner Springs built before 1939 ( 13.17%).

Vacant housing appears to be an issue in Bonner Springs. Fully 10.21% of the housing stock is classified as vacant. Left unchecked, vacant Bonner Springs homes and apartments can be a drag on the real estate market, holding Bonner Springs real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bonner Springs Home Appreciation Rates

Real estate appreciation rates in Bonner Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

Appreciation rates are so strong in Bonner Springs that despite a nationwide downturn in the housing market, Bonner Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bonner Springs appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bonner Springs. Bonner Springs appreciation rates in the latest quarter were at -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Kansas, our data show that Bonner Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$143,976

Bonner Springs, KS HOME PRICES

Value Range
> $1,138,000 0.2
$854,001 - $1,138,000 0.0
$569,001 - $854,000 0.4
$455,001 - $569,000 0.7
$341,001 - $455,000 3.2
$228,001 - $341,000 15.7
$114,001 - $228,000 57.8
$57,001 - $114,000 17.3
$0 - $57,000 4.6

High for KS
Average for Nation

Value Relative to Nation Value Relative to State
52.759873432556 23.758865248227

Number Of Homes And Apartments:
2,734

Bonner Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.00% 1.58% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 66.32
Renters 33.68
Vacant 10.21

Housing Market Details

 

Age of Homes

AGE OF Bonner Springs HOMES
2000 or Newer 16.8
1970 - 1999 39.6
1940 - 1969 30.5
1939 or Older 13.2

Types of Homes

TYPE OF Bonner Springs HOMES
Single-Family 70.9
Townhomes 8.5
Small Apt. Buildings 6.0
Apt. Complexes 9.6
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Bonner Springs HOMES
No Bedroom 0.95
1 Bedroom 8.80
2 Bedrooms 26.63
3 Bedrooms 46.04
4 Bedrooms 15.27
5 or more bedrooms 2.30

Popular Neighborhoods in Bonner Springs

Zip Codes in Bonner Springs, KS