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 | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,249 | $104,507 | $242,182 |
| Price Trend (Annual %) | 49.9% | 5.0% | 8.2% |
| Median Gross Rent | $990 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Finney County is about 126% higher than in Kansas. Rent is about 4% 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 Finney County, up about 49.9% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Finney County rose about 43.9% between 2015 and 2023, from $688 to $990. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Finney County.
Buying the median-priced home in Finney County costs roughly 19.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Finney County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $236,249 | $104,507 | $242,182 |
| Median Household Income | $71,138 | $72,682 | $78,145 |
| Price-to-Income Ratio | 3.3 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Finney County fell about 44.9%, while median household income rose about 45.7% 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 | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 60.4% | 58.2% |
| Rental Rate | 33.3% | 29.9% | 31.3% |
| Vacancy Rate | 7.6% | 9.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Finney County has a homeownership rate of 59.2%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 7.6%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1977 | 1974 | 1978 |
| Median Number of Rooms | 5.5 | 6.0 | 5.5 |
The typical housing unit in Finney County was built around 1977. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Finney County, Kansas.
What is the median home price in Finney County, Kansas?
The median home price in Finney County, Kansas is $236,249, higher than the Kansas average of $104,507.
What is the average home price in Finney 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 Finney County, Kansas?
The median gross rent in Finney County, Kansas is $990 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Finney County in 2020?
In 2020, the median gross rent in Finney County, Kansas was $831 per month.
What is the price-to-rent ratio in Finney County, Kansas?
The price-to-rent ratio in Finney County, Kansas is about 19.9, meaning it would take roughly 19.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Finney County.
Are home prices or rent rising faster in Finney County, Kansas?
Both home prices and rent are rising in Finney County, up about 49.9% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Finney County, Kansas?
59.2% of households in Finney County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Finney County, Kansas?
The housing vacancy rate in Finney County, Kansas is 7.6%, lower than the Kansas average of 9.7%.