Overland Park, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 191,278, 76,621 total housing units (homes and apartments), and a median house value of $307,774, 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 58.61% of the city's housing units. Other types of housing that are prevalent in Overland Park include large apartment complexes or high rise apartments ( 24.13%), row houses and other attached homes ( 10.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.44%).

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 62.40% owning and 37.60% 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 ( 24.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.98%). There's also some housing in Overland Park built before 1939 ( 1.61%).

Overland Park Home Appreciation Rates

In the last 10 years, Overland Park has experienced some of the highest home appreciation rates of any community in the nation. Overland Park real estate appreciated 33.54% over the last ten years, which is an average annual home appreciation rate of 2.93%, putting Overland Park in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Overland Park 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 Overland Park that despite a nationwide downturn in the housing market, Overland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Overland Park appreciation rates continue to be some of the highest in America, at 6.76%, which is higher than appreciation rates in 73.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Overland Park. Overland Park appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.

Importantly, this makes Overland Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kansas, our data show that Overland Park's latest annual appreciation rate is higher than 80% 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:
$307,774

Overland Park, KS HOME PRICES

Value Range
> $1,253,000 1.0
$940,001 - $1,253,000 1.4
$626,001 - $940,000 6.5
$501,001 - $626,000 7.4
$376,001 - $501,000 18.9
$251,001 - $376,000 29.9
$125,001 - $251,000 29.6
$63,001 - $125,000 2.9
$0 - $63,000 2.4

Very High for KS
Very High for Nation

Value Relative to Nation Value Relative to State
18.4934306569343 3.18021201413428

Number Of Homes And Apartments:
76,621

Overland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
60.42% 2.49%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,458 / per month

Homeownership Rate

Homeownership
Owners 62.40
Renters 37.60
Vacant 5.51

Housing Market Details

 

Age of Homes

AGE OF Overland Park HOMES
2000 or Newer 20.0
1970 - 1999 53.6
1940 - 1969 24.8
1939 or Older 1.6

Types of Homes

TYPE OF Overland Park HOMES
Single-Family 58.6
Townhomes 10.7
Small Apt. Buildings 6.4
Apt. Complexes 24.1
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Overland Park HOMES
No Bedroom 1.05
1 Bedroom 14.59
2 Bedrooms 22.05
3 Bedrooms 24.13
4 Bedrooms 30.13
5 or more bedrooms 8.05