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 | Ellis County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,534 | $104,507 | $242,182 |
| Price Trend (Annual %) | -7.4% | 5.0% | 8.2% |
| Median Gross Rent | $898 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ellis County is about 16% lower than in Kansas. Rent is about 13% 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 Ellis County: home prices fell about 7.4% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Ellis County rose about 41.8% between 2015 and 2023, from $633 to $898. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Ellis County.
Buying the median-priced home in Ellis County costs roughly 8.1 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 Ellis County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Ellis County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,534 | $104,507 | $242,182 |
| Median Household Income | $59,881 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.5 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ellis County fell about 24.9%, while median household income rose about 42.8% 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 | Ellis County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 60.4% | 58.2% |
| Rental Rate | 34.6% | 29.9% | 31.3% |
| Vacancy Rate | 8.0% | 9.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Ellis County has a homeownership rate of 57.4%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 8.0%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Ellis County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1970 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Ellis County was built around 1970. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ellis County, Kansas.
What is the median home price in Ellis County, Kansas?
The median home price in Ellis County, Kansas is $87,534, lower than the Kansas average of $104,507.
What is the average home price in Ellis 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 Ellis County, Kansas?
The median gross rent in Ellis County, Kansas is $898 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Ellis County in 2020?
In 2020, the median gross rent in Ellis County, Kansas was $729 per month.
What is the price-to-rent ratio in Ellis County, Kansas?
The price-to-rent ratio in Ellis County, Kansas is about 8.1, meaning it would take roughly 8.1 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 Ellis County.
Are home prices or rent rising faster in Ellis County, Kansas?
Home prices and rent are moving in opposite directions in Ellis County: home prices fell about 7.4% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Ellis County, Kansas?
57.4% of households in Ellis County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Ellis County, Kansas?
The housing vacancy rate in Ellis County, Kansas is 8.0%, lower than the Kansas average of 9.7%.