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 | Edwards County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,999 | $104,507 | $242,182 |
| Price Trend (Annual %) | 5.9% | 5.0% | 8.2% |
| Median Gross Rent | $731 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 6.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edwards County is about 28% lower than in Kansas. Rent is about 29% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Edwards County, up about 5.9% and 6.5% a year respectively. Rent is changing faster.
Median rent in Edwards County rose about 49.3% between 2015 and 2023, from $490 to $731. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Edwards County.
Buying the median-priced home in Edwards County costs roughly 8.5 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 Edwards County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Edwards County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,999 | $104,507 | $242,182 |
| Median Household Income | $54,293 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.4 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Edwards County rose about 96.4%, while median household income rose about 45.7% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Edwards County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 60.4% | 58.2% |
| Rental Rate | 13.7% | 29.9% | 31.3% |
| Vacancy Rate | 23.5% | 9.7% | 10.6% |
| Median Tenure (years) | 21.0 | 14.0 | 15.0 |
| Median Year Moved In | 2005 | 2012 | 2011 |
Edwards County has a homeownership rate of 62.8%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 23.5%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Edwards County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1947 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Edwards County was built around 1947. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edwards County, Kansas.
What is the median home price in Edwards County, Kansas?
The median home price in Edwards County, Kansas is $74,999, lower than the Kansas average of $104,507.
What is the average home price in Edwards 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 Edwards County, Kansas?
The median gross rent in Edwards County, Kansas is $731 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Edwards County in 2020?
In 2020, the median gross rent in Edwards County, Kansas was $596 per month.
What is the price-to-rent ratio in Edwards County, Kansas?
The price-to-rent ratio in Edwards County, Kansas is about 8.5, meaning it would take roughly 8.5 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 Edwards County.
Are home prices or rent rising faster in Edwards County, Kansas?
Both home prices and rent are rising in Edwards County, up about 5.9% and 6.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Edwards County, Kansas?
62.8% of households in Edwards County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Edwards County, Kansas?
The housing vacancy rate in Edwards County, Kansas is 23.5%, higher than the Kansas average of 9.7%.