Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,285 | $104,507 | $242,182 |
| Price Trend (Annual %) | -16.2% | 5.0% | 8.2% |
| Median Gross Rent | $841 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 5.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coffey County is about 91% lower than in Kansas. Rent is about 18% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Coffey County: home prices fell about 16.2% a year while rent rose about 5.1% a year. That is an unusual pattern worth watching.
Median rent in Coffey County rose about 45.8% between 2015 and 2023, from $577 to $841. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Coffey County.
Buying the median-priced home in Coffey County costs roughly 0.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Coffey County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,285 | $104,507 | $242,182 |
| Median Household Income | $68,914 | $72,682 | $78,145 |
| Price-to-Income Ratio | 0.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coffey County fell about 91.0%, while median household income rose about 43.7% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.6% | 60.4% | 58.2% |
| Rental Rate | 21.5% | 29.9% | 31.3% |
| Vacancy Rate | 11.0% | 9.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Coffey County has a homeownership rate of 67.6%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 11.0%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1968 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Coffey County was built around 1968. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coffey County, Kansas.
What is the median home price in Coffey County, Kansas?
The median home price in Coffey County, Kansas is $9,285, lower than the Kansas average of $104,507.
What is the average home price in Coffey County, Kansas?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Coffey County, Kansas?
The median gross rent in Coffey County, Kansas is $841 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Coffey County in 2020?
In 2020, the median gross rent in Coffey County, Kansas was $694 per month.
What is the price-to-rent ratio in Coffey County, Kansas?
The price-to-rent ratio in Coffey County, Kansas is about 0.9, meaning it would take roughly 0.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Coffey County.
Are home prices or rent rising faster in Coffey County, Kansas?
Home prices and rent are moving in opposite directions in Coffey County: home prices fell about 16.2% a year while rent rose about 5.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Coffey County, Kansas?
67.6% of households in Coffey County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Coffey County, Kansas?
The housing vacancy rate in Coffey County, Kansas is 11.0%, higher than the Kansas average of 9.7%.