Bonner Springs, KS Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bonner Springs, KS Housing Market Trends

With a population of 7,906, 2,857 total housing units (homes and apartments), and a median house value of $185,691, 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 76.96% of the city's housing units. Other types of housing that are prevalent in Bonner Springs include large apartment complexes or high rise apartments ( 8.29%), duplexes, homes converted to apartments or other small apartment buildings ( 5.20%), and a few mobile homes or trailers ( 4.81%).

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 65.50% of Bonner Springs's homes, and 66.62% 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 ( 28.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.46%). There's also some housing in Bonner Springs built before 1939 ( 16.14%).

Bonner Springs Home Appreciation Rates

Appreciation rates for homes in Bonner Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.17%, which ranks in the top 40% nationwide. This equates to an annual average Bonner Springs house appreciation rate of 4.22%.

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 12.06%, which is higher than appreciation rates in 84.15% 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 2.61%, which equates to an annual appreciation rate of 10.86%.

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:
$185,691

Bonner Springs, KS HOME PRICES

> $1,287,000
0.5%
0.5%
$965,001 - $1,287,000
0.0%
0.0%
$644,001 - $965,000
0.5%
0.5%
$515,001 - $644,000
1.0%
1.0%
$386,001 - $515,000
2.1%
2.1%
$257,001 - $386,000
23.1%
23.1%
$129,001 - $257,000
57.0%
57.0%
$65,001 - $129,000
12.0%
12.0%
$0 - $65,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for KS

Value Relative To Nation

Number Of Homes And Apartments:
2,857

Bonner Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
80.60% 2.79%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,374 / per month

Homeownership Rate

Owners
65.5%
65.5%
Renters
34.5%
34.5%
Vacant
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
19.5%
19.5%
1970 - 1999
35.7%
35.7%
1940 - 1969
28.7%
28.7%
1939 or Older
16.1%
16.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.0%
77.0%
Townhomes
4.7%
4.7%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
8.3%
8.3%
Mobile Homes
4.8%
4.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
6.3%
6.3%
2 Bedrooms
23.6%
23.6%
3 Bedrooms
52.9%
52.9%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Bonner Springs

Zip Codes in Bonner Springs, KS