Fort Riley, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Riley, 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

Fort Riley Housing Market Information

Row houses and other attached homes are the single most common housing type in Fort Riley, accounting for 53.04% 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 ( 22.65%), single-family detached homes ( 16.92%), and a few large apartment complexes or high rise apartments ( 7.39%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

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 ( 23.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.25%). There's also some housing in Fort Riley built before 1939 ( 1.38%).

Vacant housing appears to be an issue in Fort Riley. Fully 15.40% 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 6.77%, which ranks in the top 40% nationwide. This equates to an annual average Fort Riley house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Fort Riley's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Fort Riley's appreciation rate has been 1.44%, which annualizes to a rate of 5.88%.

Relative to Kansas, our data show that Fort Riley's latest annual appreciation rate is lower than 50% of the other cities and towns in Kansas.

Average Home Values

 

Fort Riley 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
58.82% 2.72% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,210 / per month

Homeownership Rate

Homeownership
Owners 1.36
Renters 98.64
Vacant 15.40

Housing Market Details

 

Age of Homes

AGE OF Fort Riley HOMES
2000 or Newer 7.3
1970 - 1999 68.2
1940 - 1969 23.1
1939 or Older 1.4

Types of Homes

TYPE OF Fort Riley HOMES
Single-Family 16.9
Townhomes 53.0
Small Apt. Buildings 22.7
Apt. Complexes 7.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fort Riley HOMES
No Bedroom 16.51
1 Bedroom 0.00
2 Bedrooms 12.85
3 Bedrooms 62.98
4 Bedrooms 7.67
5 or more bedrooms 0.00

Popular Neighborhoods in Fort Riley

Zip Codes in Fort Riley, KS