Salina, 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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Salina, KS Housing Market Trends

With 46,889 people, 19,245 houses or apartments, and a median cost of homes of $127,787, the cost of homes in Salina is among some of the lowest in the nation. Compared to Kansas, however, Salina real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Salina, accounting for 71.19% of the city's housing units. Other types of housing that are prevalent in Salina include duplexes, homes converted to apartments or other small apartment buildings ( 10.28%), large apartment complexes or high rise apartments ( 10.20%), and a few row houses and other attached homes ( 6.46%).

The most prevalent building size and type in Salina are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.91% owning and 40.09% renting.

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. Salina's housing was primarily built during this period, from the '40s through the '60s. A full 42.17% of the city's housing hails from this era. Other housing ages represented in Salina include homes built between 1970-1999 ( 34.92%) and housing constructed before 1939 ( 14.46%). There's also some housing in Salina built between 2000 and later ( 8.45%).

Salina Home Appreciation Rates

Salina's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Salina during the period has been just 3.15%, which is lower than 80% of US communities.

Over the last year, Salina appreciation rates have trailed the rest of the nation. In the last twelve months, Salina's appreciation rate has been 12.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salina were at 0.82%, which equates to an annual appreciation rate of 3.33%.

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

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

Average Home Values

 

Median Home Value:
$127,787

Salina, KS HOME PRICES

> $1,234,000
$926,001 - $1,234,000
$617,001 - $926,000
$494,001 - $617,000
$371,001 - $494,000
$247,001 - $371,000
$124,001 - $247,000
$61,001 - $124,000
$0 - $61,000
0.0%
0.0%
0.1%
0.1%
1.7%
1.7%
0.7%
0.7%
2.8%
2.8%
11.6%
11.6%
46.5%
46.5%
28.9%
28.9%
7.8%
7.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Average for KS

Value Relative To Nation

Number Of Homes And Apartments:
19,245

Salina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
66.00% 2.30%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,178 / per month

Homeownership Rate

Owners
Renters
Vacant
59.9%
59.9%
40.1%
40.1%
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.4%
8.4%
34.9%
34.9%
42.2%
42.2%
14.5%
14.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.2%
71.2%
6.5%
6.5%
10.3%
10.3%
10.2%
10.2%
1.9%
1.9%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
12.5%
12.5%
27.8%
27.8%
37.1%
37.1%
16.3%
16.3%
4.8%
4.8%
0.0% 100.0%
% OF HOMES