Prairie Village, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Prairie Village Neighborhoods Since 2000




Prairie Village, 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

Prairie Village Housing Market Information

With 21,877 people, 9,754 houses or apartments, and a median cost of homes of $253,101, 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 86.03% of the city's housing units. Other types of housing that are prevalent in Prairie Village include large apartment complexes or high rise apartments ( 9.72%), duplexes, homes converted to apartments or other small apartment buildings ( 2.15%), and a few row houses and other attached homes ( 2.11%).

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 77.73% of Prairie Village's homes, and 70.16% 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 78.28% of the city's housing hails from this era. Other housing ages represented in Prairie Village include homes built between 1970-1999 ( 18.31%) and housing constructed before 1939 ( 1.83%). There's also some housing in Prairie Village built between 2000 and later ( 1.58%).

Prairie Village Home Appreciation Rates

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 17.41% over the last ten years, which is an average annual home appreciation rate of 1.62%, 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.

NeighborhoodScout's data show that during the latest twelve months, Prairie Village's appreciation rate, at 4.79%, has been at or slightly above the national average. In the latest quarter, Prairie Village's appreciation rate has been -0.04%, which annualizes to a rate of -0.17%.

Relative to Kansas, our data show that Prairie Village's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$253,101

Prairie Village, KS HOME PRICES

Value Range
> $1,176,000 2.6
$882,001 - $1,176,000 4.3
$588,001 - $882,000 6.7
$471,001 - $588,000 6.1
$353,001 - $471,000 9.1
$235,001 - $353,000 25.2
$118,001 - $235,000 40.6
$59,001 - $118,000 3.2
$0 - $59,000 2.2

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
22.0203914215399 3.54609929078014

Number Of Homes And Apartments:
9,754

Prairie Village 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
53.90% 2.53% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,529 / per month

Homeownership Rate

Homeownership
Owners 77.73
Renters 22.27
Vacant 4.81

Housing Market Details

 

Age of Homes

AGE OF Prairie Village HOMES
2000 or Newer 1.6
1970 - 1999 18.3
1940 - 1969 78.3
1939 or Older 1.8

Types of Homes

TYPE OF Prairie Village HOMES
Single-Family 86.0
Townhomes 2.1
Small Apt. Buildings 2.1
Apt. Complexes 9.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Prairie Village HOMES
No Bedroom 1.12
1 Bedroom 4.27
2 Bedrooms 19.01
3 Bedrooms 45.94
4 Bedrooms 24.22
5 or more bedrooms 5.44