Overland Park, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Overland Park Neighborhoods Since 2000




Overland Park, 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

Overland Park Housing Market Information

With a population of 186,515, 74,830 total housing units (homes and apartments), and a median house value of $271,250, Overland Park real estate is some of the most expensive in Kansas, although Overland Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Overland Park, accounting for 58.72% of the city's housing units. Other types of housing that are prevalent in Overland Park include large apartment complexes or high rise apartments ( 24.17%), row houses and other attached homes ( 10.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.18%).

The most prevalent building size and type in Overland Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.55% owning and 36.45% renting.

There is a lot of housing in Overland Park 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 Overland Park built between 1940-1969 ( 25.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.24%). There's also some housing in Overland Park built before 1939 ( 1.79%).

Overland Park Home Appreciation Rates

Appreciation rates for homes in Overland Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.10%, which ranks in the top 30% nationwide. This equates to an annual average Overland Park house appreciation rate of 1.33%.

NeighborhoodScout's data show that during the latest twelve months, Overland Park's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, Overland Park's appreciation rate has been -0.04%, which annualizes to a rate of -0.17%.

Relative to Kansas, our data show that Overland Park's latest annual appreciation rate is higher than 70% 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 Overland Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Overland Park - 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 Overland Park real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,250

Overland Park, KS HOME PRICES

Value Range
> $1,171,000 1.0
$878,001 - $1,171,000 0.9
$585,001 - $878,000 5.2
$468,001 - $585,000 6.4
$351,001 - $468,000 16.0
$234,001 - $351,000 30.7
$117,001 - $234,000 34.0
$58,001 - $117,000 3.2
$0 - $58,000 2.4

Very High for KS
Very High for Nation

Value Relative to Nation Value Relative to State
19.5769365990859 3.19148936170213

Number Of Homes And Apartments:
74,830

Overland Park 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
38.82% 1.92% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,307 / per month

Homeownership Rate

Homeownership
Owners 63.55
Renters 36.45
Vacant 5.42

Housing Market Details

 

Age of Homes

AGE OF Overland Park HOMES
2000 or Newer 19.2
1970 - 1999 53.9
1940 - 1969 25.0
1939 or Older 1.8

Types of Homes

TYPE OF Overland Park HOMES
Single-Family 58.7
Townhomes 10.7
Small Apt. Buildings 6.2
Apt. Complexes 24.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Overland Park HOMES
No Bedroom 1.20
1 Bedroom 14.58
2 Bedrooms 21.50
3 Bedrooms 24.97
4 Bedrooms 30.48
5 or more bedrooms 7.28