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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Paola, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Paola, KS Housing Market Trends

With 5,738 people, 2,383 houses or apartments, and a median cost of homes of $313,893, Paola real estate is some of the most expensive in Kansas, although Paola home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Paola, accounting for 75.82% of the city's housing units. Other types of housing that are prevalent in Paola include large apartment complexes or high rise apartments ( 10.83%), duplexes, homes converted to apartments or other small apartment buildings ( 10.48%), and a few mobile homes or trailers ( 1.77%).

People in Paola primarily live in small (one, two or no bedroom) single-family detached homes. Paola has a mixture of owner-occupied and renter-occupied housing.

The housing in Paola was primarily built before 1939 ( 33.44%), making the housing stock in Paola some of the oldest overall in America, although there is a range of ages of homes in Paola. The next most important housing age is between 1940-1969 ( 23.79%), followed by between 1970-1999 ( 21.94%). There's also some housing in Paola built between 2000 and later ( 20.84%).

Paola Home Appreciation Rates

Appreciation rates for homes in Paola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.79%, which ranks in the top 40% nationwide. This equates to an annual average Paola house appreciation rate of 7.00%.

NeighborhoodScout's data show that during the latest twelve months, Paola's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Paola's appreciation rate has been -0.75%, which annualizes to a rate of -2.96%.

Notably, Paola's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kansas, our data show that Paola's latest annual appreciation rate is higher than 70% of the other cities and towns in Kansas.

Average Home Values

Median Home Value

$313,893

Paola, KS Home Prices
> $1,485,000
$1,113,001 - $1,485,000
$742,001 - $1,113,000
$594,001 - $742,000
$445,001 - $594,000
$297,001 - $445,000
$148,001 - $297,000
$74,001 - $148,000
$0 - $74,000
0.0%
0.0%
1.7%
1.7%
0.0%
0.0%
6.9%
6.9%
17.4%
17.4%
18.9%
18.9%
48.8%
48.8%
4.8%
4.8%
1.4%
1.4%
0% 100.0%
% of Homes
Very High

for Kansas

High

for nation

Number of Homes And Apartments:

2,383

Paola Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,401 / per month

Homeownership Rate

Owners
Renters
61.5%
61.5%
38.5%
38.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.8%
20.8%
21.9%
21.9%
23.8%
23.8%
33.4%
33.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.8%
75.8%
1.1%
1.1%
10.5%
10.5%
10.8%
10.8%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
9.1%
9.1%
9.6%
9.6%
30.0%
30.0%
29.9%
29.9%
18.0%
18.0%
3.5%
3.5%
0% 100.0%
% of Homes