Winfield, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winfield, KS Real Estate Data


Winfield Housing Market Information

With a population of 12,204, 4,489 total housing units (homes and apartments), and a median house value of $86,043, house prices in Winfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Winfield, accounting for 75.38% of the city's housing units. Other types of housing that are prevalent in Winfield include large apartment complexes or high rise apartments ( 9.24%), mobile homes or trailers ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.76%).

The most prevalent building size and type in Winfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.56% owning and 43.44% renting.

The housing in Winfield was primarily built before 1939 ( 34.49%), making the housing stock in Winfield some of the oldest overall in America, although there is a range of ages of homes in Winfield. The next most important housing age is between 1940-1969 ( 32.84%), followed by between 1970-1999 ( 25.12%). There's also some housing in Winfield built between 2000 and later ( 7.55%).

Vacant housing appears to be an issue in Winfield. Fully 13.79% of the housing stock is classified as vacant. Left unchecked, vacant Winfield homes and apartments can be a drag on the real estate market, holding Winfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Winfield Home Appreciation Rates

Appreciation rates for homes in Winfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.24%, which ranks in the top 50% nationwide. This equates to an annual average Winfield house appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Winfield's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, Winfield's appreciation rate has been 1.82%, which annualizes to a rate of 7.50%.

Relative to Kansas, our data show that Winfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$86,043

Winfield, KS HOME PRICES

Value Range
> $1,048,000 0.1
$786,001 - $1,048,000 0.0
$524,001 - $786,000 0.5
$419,001 - $524,000 0.3
$314,001 - $419,000 1.0
$209,001 - $314,000 4.1
$105,001 - $209,000 23.3
$53,001 - $105,000 41.5
$0 - $53,000 29.3

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
87.8257305147274 69.1489361702128

Number Of Homes And Apartments:
4,489

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 56.56
Renters 43.44
Vacant 13.79

Housing Market Details

 

Age of Homes

AGE OF Winfield HOMES
2000 or Newer 7.5
1970 - 1999 25.1
1940 - 1969 32.8
1939 or Older 34.5

Types of Homes

TYPE OF Winfield HOMES
Single-Family 75.4
Townhomes 0.7
Small Apt. Buildings 6.8
Apt. Complexes 9.2
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Winfield HOMES
No Bedroom 1.88
1 Bedroom 10.64
2 Bedrooms 28.35
3 Bedrooms 39.43
4 Bedrooms 14.44
5 or more bedrooms 5.26

Winfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
18.98% 1.03% 1 2
* 10 is highest