Junction City, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Junction City Neighborhoods Since 2000




Junction City, 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

Junction City Housing Market Information

With 24,621 people, 9,058 houses or apartments, and a median cost of homes of $137,163, house prices in Junction City are solidly below the national average.

Single-family detached homes are the single most common housing type in Junction City, accounting for 55.64% of the city's housing units. Other types of housing that are prevalent in Junction City include large apartment complexes or high rise apartments ( 21.73%), duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), and a few row houses and other attached homes ( 7.89%).

The most prevalent building size and type in Junction City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.60% owning and 54.40% renting.

Junction City homes and real estate are some of the newest in America. 31.72% of Junction City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Junction City real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 30.01%), and between 1970-1999 ( 26.77%). There's also some housing in Junction City built before 1939 ( 11.50%).

Vacant housing appears to be an issue in Junction City. Fully 15.59% of the housing stock is classified as vacant. Left unchecked, vacant Junction City homes and apartments can be a drag on the real estate market, holding Junction City 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.

Junction City Home Appreciation Rates

Appreciation rates for homes in Junction City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.35%, which ranks in the top 50% nationwide. This equates to an annual average Junction City house appreciation rate of 0.23%.

NeighborhoodScout's data show that during the latest twelve months, Junction City's appreciation rate, at 3.34%, has been at or slightly above the national average. In the latest quarter, Junction City's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.

Relative to Kansas, our data show that Junction City's latest annual appreciation rate is lower than 60% 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 Junction City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Junction City - 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 Junction City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$137,163

Junction City, KS HOME PRICES

Value Range
> $1,056,000 1.2
$792,001 - $1,056,000 0.2
$528,001 - $792,000 0.6
$422,001 - $528,000 0.7
$317,001 - $422,000 1.2
$211,001 - $317,000 13.6
$106,001 - $211,000 43.0
$53,001 - $106,000 25.9
$0 - $53,000 13.6

High for KS
Average for Nation

Value Relative to Nation Value Relative to State
56.1818821047697 27.6595744680851

Number Of Homes And Apartments:
9,058

Junction City 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
65.57% 2.97% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,231 / per month

Homeownership Rate

Homeownership
Owners 45.60
Renters 54.40
Vacant 15.59

Housing Market Details

 

Age of Homes

AGE OF Junction City HOMES
2000 or Newer 31.7
1970 - 1999 26.8
1940 - 1969 30.0
1939 or Older 11.5

Types of Homes

TYPE OF Junction City HOMES
Single-Family 55.6
Townhomes 7.9
Small Apt. Buildings 9.8
Apt. Complexes 21.7
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Junction City HOMES
No Bedroom 6.60
1 Bedroom 8.28
2 Bedrooms 28.63
3 Bedrooms 38.80
4 Bedrooms 14.97
5 or more bedrooms 2.72