Fort Riley, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Riley, KS Real Estate Data


Fort Riley Housing Market Information

Row houses and other attached homes are the single most common housing type in Fort Riley, accounting for 54.70% of the town's housing units. Other types of housing that are prevalent in Fort Riley include duplexes, homes converted to apartments or other small apartment buildings ( 21.37%), single-family detached homes ( 14.59%), and a few large apartment complexes or high rise apartments ( 9.34%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Renters dominate Fort Riley's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

There is a lot of housing in Fort Riley 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 Fort Riley built between 1940-1969 ( 20.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.19%). There's also some housing in Fort Riley built before 1939 ( 1.94%).

Vacant housing appears to be an issue in Fort Riley. Fully 13.97% of the housing stock is classified as vacant. Left unchecked, vacant Fort Riley homes and apartments can be a drag on the real estate market, holding Fort Riley 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.

Fort Riley Home Appreciation Rates

Appreciation rates for homes in Fort Riley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.28%, which ranks in the top 40% nationwide. This equates to an annual average Fort Riley house appreciation rate of 0.71%.

Over the last year, Fort Riley appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Riley's appreciation rate has been 0.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Riley were at 6.24%, which equates to an annual appreciation rate of 27.40%.

Importantly, this makes Fort Riley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Rent & Ownership

 

Average Market Rent:
$1,507 / per month

Homeownership Rate

Homeownership
Owners 0.51
Renters 99.49
Vacant 13.97

Housing Market Details

 

Age of Homes

AGE OF Fort Riley HOMES
2000 or Newer 5.2
1970 - 1999 72.5
1940 - 1969 20.4
1939 or Older 1.9

Types of Homes

TYPE OF Fort Riley HOMES
Single-Family 14.6
Townhomes 54.7
Small Apt. Buildings 21.4
Apt. Complexes 9.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fort Riley HOMES
No Bedroom 14.73
1 Bedroom 0.00
2 Bedrooms 15.01
3 Bedrooms 58.30
4 Bedrooms 11.48
5 or more bedrooms 0.48

Fort Riley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
60.51% 2.82% 8 7
* 10 is highest

Popular Neighborhoods in Fort Riley

Zip Codes in Fort Riley, KS