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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 152,958, 55,533 total housing units (homes and apartments), and a median house value of $113,732, house prices in Kansas City are solidly below the national average.
Single-family detached homes are the single most common housing type in Kansas City, accounting for 69.84% of the city's housing units. Other types of housing that are prevalent in Kansas City include large apartment complexes or high rise apartments ( 14.94%), row houses and other attached homes ( 8.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.57%).
The most prevalent building size and type in Kansas City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.57% owning and 44.43% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kansas City's housing was primarily built during this period, from the '40s through the '60s. A full 43.86% of the city's housing hails from this era. Other housing ages represented in Kansas City include homes built between 1970-1999 ( 25.35%) and housing constructed before 1939 ( 21.74%). There's also some housing in Kansas City built between 2000 and later ( 9.05%).
Vacant housing appears to be an issue in Kansas City. Fully 12.04% of the housing stock is classified as vacant. Left unchecked, vacant Kansas City homes and apartments can be a drag on the real estate market, holding Kansas 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.
Appreciation rates for homes in Kansas 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 45.25%, which ranks in the top 30% nationwide. This equates to an annual average Kansas City house appreciation rate of 3.80%.
NeighborhoodScout's data show that during the latest twelve months, Kansas City's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Kansas City's appreciation rate has been 0.56%, which annualizes to a rate of 2.25%.
Relative to Kansas, our data show that Kansas 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 Kansas City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kansas 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 Kansas City real estate investment or home purchase decisions.
|$954,001 - $1,272,000||0.3|
|$636,001 - $954,000||0.4|
|$509,001 - $636,000||0.5|
|$382,001 - $509,000||1.7|
|$254,001 - $382,000||4.6|
|$127,001 - $254,000||31.4|
|$64,001 - $127,000||39.4|
|$0 - $64,000||21.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Kansas City HOMES|
|2000 or Newer||9.0|
|1970 - 1999||25.4|
|1940 - 1969||43.9|
|1939 or Older||21.7|
|TYPE OF Kansas City HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Kansas City HOMES|
|5 or more bedrooms||2.18|