Larned, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Larned Neighborhoods Since 2000




Larned, 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

Larned Housing Market Information

With a population of 3,967, 1,737 total housing units (homes and apartments), and a median house value of $87,957, house prices in Larned are solidly below the national average.

Single-family detached homes are the single most common housing type in Larned, accounting for 79.45% of the city's housing units. Other types of housing that are prevalent in Larned include duplexes, homes converted to apartments or other small apartment buildings ( 14.06%), large apartment complexes or high rise apartments ( 4.12%), and a few mobile homes or trailers ( 1.61%).

The most prevalent building size and type in Larned are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.34% owning and 36.66% 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. Larned's housing was primarily built during this period, from the '40s through the '60s. A full 40.53% of the city's housing hails from this era. Other housing ages represented in Larned include homes built before 1939 ( 29.17%) and housing constructed between 1970-1999 ( 23.11%). There's also some housing in Larned built between 2000 and later ( 7.20%).

Vacant housing appears to be an issue in Larned. Fully 17.76% of the housing stock is classified as vacant. Left unchecked, vacant Larned homes and apartments can be a drag on the real estate market, holding Larned 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.

Larned Home Appreciation Rates

In the last 10 years, Larned has experienced some of the highest home appreciation rates of any community in the nation. Larned real estate appreciated 38.86% over the last ten years, which is an average annual home appreciation rate of 3.34%, putting Larned in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Larned definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Larned that despite a nationwide downturn in the housing market, Larned real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Larned appreciation rates continue to be some of the highest in America, at 6.69%, which is higher than appreciation rates in 79.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Larned. Larned appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.23%.

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

Average Home Values

 

Median Home Value:
$87,957

Larned, KS HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.0
$566,001 - $849,000 0.6
$453,001 - $566,000 0.0
$340,001 - $453,000 3.1
$227,001 - $340,000 1.5
$113,001 - $227,000 16.8
$57,001 - $113,000 59.8
$0 - $57,000 18.2

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
85.5091995781085 65.9574468085106

Number Of Homes And Apartments:
1,737

Larned 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
45.37% 2.19% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$571 / per month

Homeownership Rate

Homeownership
Owners 63.34
Renters 36.66
Vacant 17.76

Housing Market Details

 

Age of Homes

AGE OF Larned HOMES
2000 or Newer 7.2
1970 - 1999 23.1
1940 - 1969 40.5
1939 or Older 29.2

Types of Homes

TYPE OF Larned HOMES
Single-Family 79.5
Townhomes 0.8
Small Apt. Buildings 14.1
Apt. Complexes 4.1
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Larned HOMES
No Bedroom 3.69
1 Bedroom 11.70
2 Bedrooms 29.78
3 Bedrooms 38.49
4 Bedrooms 9.04
5 or more bedrooms 7.29

Popular Neighborhoods in Larned

Popular Communities Near Larned, KS

Zip Codes in Larned, KS