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 | Ford County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,029 | $104,507 | $242,182 |
| Price Trend (Annual %) | 29.5% | 5.0% | 8.2% |
| Median Gross Rent | $960 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ford County is about 102% higher than in Kansas. Rent is about 7% 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 Ford County, up about 29.5% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Ford County rose about 45.3% between 2015 and 2023, from $661 to $960. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Ford County.
Buying the median-priced home in Ford County costs roughly 18.3 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 Ford County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Ford County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,029 | $104,507 | $242,182 |
| Median Household Income | $70,580 | $72,682 | $78,145 |
| Price-to-Income Ratio | 3.0 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ford County rose about 174.2%, while median household income rose about 55.1% 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 | Ford County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 60.4% | 58.2% |
| Rental Rate | 33.1% | 29.9% | 31.3% |
| Vacancy Rate | 6.9% | 9.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Ford County has a homeownership rate of 60.0%, about the same as the Kansas average of 60.4%. Its housing vacancy rate is 6.9%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Ford County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1971 | 1974 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Ford County was built around 1971. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ford County, Kansas.
What is the median home price in Ford County, Kansas?
The median home price in Ford County, Kansas is $211,029, higher than the Kansas average of $104,507.
What is the average home price in Ford 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 Ford County, Kansas?
The median gross rent in Ford County, Kansas is $960 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Ford County in 2020?
In 2020, the median gross rent in Ford County, Kansas was $770 per month.
What is the price-to-rent ratio in Ford County, Kansas?
The price-to-rent ratio in Ford County, Kansas is about 18.3, meaning it would take roughly 18.3 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 Ford County.
Are home prices or rent rising faster in Ford County, Kansas?
Both home prices and rent are rising in Ford County, up about 29.5% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ford County, Kansas?
60.0% of households in Ford County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Ford County, Kansas?
The housing vacancy rate in Ford County, Kansas is 6.9%, lower than the Kansas average of 9.7%.