Salina, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Salina, 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

Salina Housing Market Information

With a population of 47,813, 19,351 total housing units (homes and apartments), and a median house value of $97,799, house prices in Salina are solidly below the national average.

Single-family detached homes are the single most common housing type in Salina, accounting for 71.96% of the city's housing units. Other types of housing that are prevalent in Salina include large apartment complexes or high rise apartments ( 9.08%), duplexes, homes converted to apartments or other small apartment buildings ( 8.93%), and a few row houses and other attached homes ( 5.47%).

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 60.63% owning and 39.37% 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 44.02% of the city's housing hails from this era. Other housing ages represented in Salina include homes built between 1970-1999 ( 34.83%) and housing constructed before 1939 ( 13.86%). There's also some housing in Salina built between 2000 and later ( 7.28%).

Salina Home Appreciation Rates

Appreciation rates for homes in Salina have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.90%, which ranks in the top 40% nationwide. This equates to an annual average Salina house appreciation rate of 0.48%.

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 2.60%, 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 1.04%, which equates to an annual appreciation rate of 4.23%.

Relative to Kansas, our data show that Salina's latest annual appreciation rate is lower than 70% 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:
$97,799

Salina, KS HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.1
$535,001 - $802,000 0.9
$428,001 - $535,000 0.9
$321,001 - $428,000 2.3
$214,001 - $321,000 8.4
$107,001 - $214,000 41.5
$53,001 - $107,000 34.2
$0 - $53,000 11.8

Average for KS
Low for Nation

Value Relative to Nation Value Relative to State
78.9991796554553 54.2553191489362

Number Of Homes And Apartments:
19,351

Salina 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
28.64% 1.47% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 60.63
Renters 39.37
Vacant 7.16

Housing Market Details

 

Age of Homes

AGE OF Salina HOMES
2000 or Newer 7.3
1970 - 1999 34.8
1940 - 1969 44.0
1939 or Older 13.9

Types of Homes

TYPE OF Salina HOMES
Single-Family 72.0
Townhomes 5.5
Small Apt. Buildings 8.9
Apt. Complexes 9.1
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Salina HOMES
No Bedroom 1.09
1 Bedroom 10.14
2 Bedrooms 29.81
3 Bedrooms 39.51
4 Bedrooms 14.31
5 or more bedrooms 5.13