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Emporia, 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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Emporia, KS Housing Market Trends

With 24,139 people, 10,044 houses or apartments, and a median cost of homes of $86,413, house prices in Emporia 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 Emporia, accounting for 57.95% of the city's housing units. Other types of housing that are prevalent in Emporia include large apartment complexes or high rise apartments ( 23.92%), duplexes, homes converted to apartments or other small apartment buildings ( 11.40%), and a few mobile homes or trailers ( 4.82%).

People in Emporia primarily live in small (one, two or no bedroom) single-family detached homes. Emporia has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Emporia 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 Emporia built before 1939 ( 28.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.15%). There's also some housing in Emporia built between 2000 and later ( 5.95%).

Vacant housing appears to be an issue in Emporia. Fully 12.50% of the housing stock is classified as vacant. Left unchecked, vacant Emporia homes and apartments can be a drag on the real estate market, holding Emporia 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.

Emporia Home Appreciation Rates

Emporia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Emporia during the period has been just 4.10%, which is lower than 70% of US communities.

Over the last year, Emporia appreciation rates have trailed the rest of the nation. In the last twelve months, Emporia's appreciation rate has been 10.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Emporia were at 2.51%, which equates to an annual appreciation rate of 10.44%.

Relative to Kansas, our data show that Emporia's latest annual appreciation rate is lower than 70% 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 Emporia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Emporia - 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 2000, to assist you in making the best Emporia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$86,413

Emporia, KS HOME PRICES

> $1,237,000
$927,001 - $1,237,000
$618,001 - $927,000
$495,001 - $618,000
$371,001 - $495,000
$247,001 - $371,000
$124,001 - $247,000
$62,001 - $124,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
0.4%
0.4%
0.5%
0.5%
2.9%
2.9%
8.1%
8.1%
37.0%
37.0%
34.8%
34.8%
16.3%
16.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for KS

Value Relative To Nation

Number Of Homes And Apartments:
10,044

Emporia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
77.28% 2.58%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,024 / per month

Homeownership Rate

Owners
Renters
Vacant
45.4%
45.4%
54.6%
54.6%
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
40.0%
40.0%
25.2%
25.2%
28.9%
28.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.9%
57.9%
1.9%
1.9%
11.4%
11.4%
23.9%
23.9%
4.8%
4.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.3%
3.3%
16.9%
16.9%
35.0%
35.0%
29.6%
29.6%
10.9%
10.9%
4.3%
4.3%
0.0% 100.0%
% OF HOMES