Olathe, KS Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Olathe, KS Housing Market Trends

With a population of 140,545, 48,227 total housing units (homes and apartments), and a median house value of $283,314, Olathe real estate is some of the most expensive in Kansas, although Olathe home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Olathe, accounting for 69.59% of the city's housing units. Other types of housing that are prevalent in Olathe include large apartment complexes or high rise apartments ( 14.92%), row houses and other attached homes ( 10.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olathe. Owner-occupied housing accounts for 71.47% of Olathe's homes, and 69.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Olathe 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 Olathe built between 2000 and later ( 31.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.88%). There's also some housing in Olathe built before 1939 ( 2.40%).

Olathe Home Appreciation Rates

Appreciation rates for homes in Olathe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.68%, which ranks in the top 30% nationwide. This equates to an annual average Olathe house appreciation rate of 3.83%.

Appreciation rates are so strong in Olathe that despite a nationwide downturn in the housing market, Olathe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Olathe appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 86.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Olathe. Olathe appreciation rates in the latest quarter were at 2.70%, which equates to an annual appreciation rate of 11.25%.

Relative to Kansas, our data show that Olathe's latest annual appreciation rate is higher than 90% 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 Olathe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Olathe - 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 Olathe real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$283,314

Olathe, KS HOME PRICES

> $1,218,000
0.2%
0.2%
$913,001 - $1,218,000
0.3%
0.3%
$609,001 - $913,000
1.9%
1.9%
$487,001 - $609,000
5.5%
5.5%
$365,001 - $487,000
13.0%
13.0%
$243,001 - $365,000
38.4%
38.4%
$122,001 - $243,000
34.9%
34.9%
$61,001 - $122,000
2.9%
2.9%
$0 - $61,000
2.9%
2.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for KS

Value Relative To Nation

Number Of Homes And Apartments:
48,227

Olathe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
69.65% 2.55%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,495 / per month

Homeownership Rate

Owners
71.5%
71.5%
Renters
28.5%
28.5%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.8%
31.8%
1970 - 1999
56.9%
56.9%
1940 - 1969
8.9%
8.9%
1939 or Older
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.6%
69.6%
Townhomes
10.6%
10.6%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
14.9%
14.9%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.1%
8.1%
2 Bedrooms
15.4%
15.4%
3 Bedrooms
32.2%
32.2%
4 Bedrooms
37.4%
37.4%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES