Chanute, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chanute, 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

Chanute Housing Market Information

With 9,252 people, 3,691 houses or apartments, and a median cost of homes of $69,788, house prices in Chanute are some of the most affordable in Kansas as well as the nation.

Single-family detached homes are the single most common housing type in Chanute, accounting for 86.29% of the city's housing units. Other types of housing that are prevalent in Chanute include duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), large apartment complexes or high rise apartments ( 3.68%), and a few mobile homes or trailers ( 3.04%).

The most prevalent building size and type in Chanute are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.70% owning and 40.30% renting.

The housing in Chanute was primarily built before 1939 ( 41.61%), making the housing stock in Chanute some of the oldest overall in America, although there is a range of ages of homes in Chanute. The next most important housing age is between 1940-1969 ( 32.64%), followed by between 1970-1999 ( 22.38%). There's also some housing in Chanute built between 2000 and later ( 3.36%).

Vacant housing appears to be an issue in Chanute. Fully 16.21% of the housing stock is classified as vacant. Left unchecked, vacant Chanute homes and apartments can be a drag on the real estate market, holding Chanute 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.

Chanute Home Appreciation Rates

Appreciation rates for homes in Chanute have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.24%, which ranks in the top 40% nationwide. This equates to an annual average Chanute house appreciation rate of 0.61%.

Over the last year, Chanute appreciation rates have trailed the rest of the nation. In the last twelve months, Chanute's appreciation rate has been -2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chanute were at 1.04%, which equates to an annual appreciation rate of 4.23%.

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

Average Home Values

 

Median Home Value:
$69,788

Chanute, KS HOME PRICES

Value Range
> $992,000 0.0
$744,001 - $992,000 0.0
$496,001 - $744,000 0.9
$397,001 - $496,000 0.0
$298,001 - $397,000 1.3
$198,001 - $298,000 4.2
$99,001 - $198,000 20.7
$49,001 - $99,000 37.3
$0 - $49,000 35.5

Very Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
95.3357553029415 86.5248226950355

Number Of Homes And Apartments:
3,691

Chanute 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
18.90% 1.01% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 59.70
Renters 40.30
Vacant 16.21

Housing Market Details

 

Age of Homes

AGE OF Chanute HOMES
2000 or Newer 3.4
1970 - 1999 22.4
1940 - 1969 32.6
1939 or Older 41.6

Types of Homes

TYPE OF Chanute HOMES
Single-Family 86.3
Townhomes 0.7
Small Apt. Buildings 6.2
Apt. Complexes 3.7
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Chanute HOMES
No Bedroom 1.50
1 Bedroom 9.31
2 Bedrooms 33.14
3 Bedrooms 39.11
4 Bedrooms 14.73
5 or more bedrooms 2.20

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Zip Codes in Chanute, KS