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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 22,389, 9,677 total housing units (homes and apartments), and a median house value of $320,218, Prairie Village real estate is some of the most expensive in Kansas, although Prairie Village home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Prairie Village, accounting for 86.31% of the city's housing units. Other types of housing that are prevalent in Prairie Village include large apartment complexes or high rise apartments ( 8.75%), row houses and other attached homes ( 2.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prairie Village. Owner-occupied housing accounts for 77.24% of Prairie Village's homes, and 70.66% have either three or four bedrooms, which is average sized relative to America.
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. Prairie Village's housing was primarily built during this period, from the '40s through the '60s. A full 78.45% of the city's housing hails from this era. Other housing ages represented in Prairie Village include homes built between 1970-1999 ( 18.15%) and housing constructed before 1939 ( 1.91%). There's also some housing in Prairie Village built between 2000 and later ( 1.49%).
In the last 10 years, Prairie Village has experienced some of the highest home appreciation rates of any community in the nation. Prairie Village real estate appreciated 53.33% over the last ten years, which is an average annual home appreciation rate of 4.37%, putting Prairie Village in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Prairie Village 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 Prairie Village that despite a nationwide downturn in the housing market, Prairie Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prairie Village appreciation rates continue to be some of the highest in America, at 6.94%, which is higher than appreciation rates in 90.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prairie Village. Prairie Village appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.16%.
Importantly, this makes Prairie Village 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 Prairie Village'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 Prairie Village differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Prairie Village - 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 Prairie Village real estate investment or home purchase decisions.
|$1,013,001 - $1,351,000||5.0|
|$675,001 - $1,013,000||7.4|
|$541,001 - $675,000||7.4|
|$405,001 - $541,000||12.3|
|$270,001 - $405,000||26.9|
|$135,001 - $270,000||32.9|
|$67,001 - $135,000||2.7|
|$0 - $67,000||1.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Prairie Village HOMES|
|2000 or Newer||1.5|
|1970 - 1999||18.1|
|1940 - 1969||78.5|
|1939 or Older||1.9|
|TYPE OF Prairie Village HOMES|
|Small Apt. Buildings||2.4|
|SIZE OF Prairie Village HOMES|
|5 or more bedrooms||6.46|