Kansas City, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kansas City, MO 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

Kansas City Housing Market Information

With a population of 475,378, 195,033 total housing units (homes and apartments), and a median house value of $149,949, Kansas City real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Kansas City, accounting for 62.80% of the city's housing units. Other types of housing that are prevalent in Kansas City include large apartment complexes or high rise apartments ( 24.11%), duplexes, homes converted to apartments or other small apartment buildings ( 7.53%), and a few row houses and other attached homes ( 4.61%).

The most prevalent building size and type in Kansas City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.38% owning and 46.62% 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. Kansas City's housing was primarily built during this period, from the '40s through the '60s. A full 36.39% of the city's housing hails from this era. Other housing ages represented in Kansas City include homes built between 1970-1999 ( 29.63%) and housing constructed before 1939 ( 21.51%). There's also some housing in Kansas City built between 2000 and later ( 12.47%).

Vacant housing appears to be an issue in Kansas City. Fully 14.08% of the housing stock is classified as vacant. Left unchecked, vacant Kansas City homes and apartments can be a drag on the real estate market, holding Kansas City 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.

Kansas City Home Appreciation Rates

Real estate appreciation rates in Kansas City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Appreciation rates are so strong in Kansas City that despite a nationwide downturn in the housing market, Kansas City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kansas City appreciation rates continue to be some of the highest in America, at 6.76%, which is higher than appreciation rates in 79.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kansas City. Kansas City appreciation rates in the latest quarter were at -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Missouri, our data show that Kansas City's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kansas City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kansas City - 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 Kansas City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$149,949

Kansas City, MO HOME PRICES

Value Range
> $1,141,000 0.4
$856,001 - $1,141,000 0.6
$571,001 - $856,000 1.4
$457,001 - $571,000 1.5
$343,001 - $457,000 4.2
$228,001 - $343,000 13.1
$114,001 - $228,000 36.9
$57,001 - $114,000 25.6
$0 - $57,000 16.2

High for MO
Average for Nation

Value Relative to Nation Value Relative to State
50.0175788116723 31.0

Number Of Homes And Apartments:
195,033

Kansas City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
29.71% 1.52% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,088 / per month

Homeownership Rate

Homeownership
Owners 53.38
Renters 46.62
Vacant 14.08

Housing Market Details

 

Age of Homes

AGE OF Kansas City HOMES
2000 or Newer 12.5
1970 - 1999 29.6
1940 - 1969 36.4
1939 or Older 21.5

Types of Homes

TYPE OF Kansas City HOMES
Single-Family 62.8
Townhomes 4.6
Small Apt. Buildings 7.5
Apt. Complexes 24.1
Mobile Homes 0.9
Other 0.1

Home Size

SIZE OF Kansas City HOMES
No Bedroom 2.34
1 Bedroom 14.37
2 Bedrooms 29.45
3 Bedrooms 36.70
4 Bedrooms 13.82
5 or more bedrooms 3.31