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 | Geary County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,302 | $104,507 | $242,182 |
| Price Trend (Annual %) | 12.8% | 5.0% | 8.2% |
| Median Gross Rent | $1,119 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 1.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Geary County is about 53% higher than in Kansas. Rent is about 9% higher 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 Geary County, up about 12.8% and 1.8% a year respectively. Home prices are changing faster.
Median rent in Geary County rose about 9.0% between 2015 and 2023, from $1,026 to $1,119. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Geary County.
Buying the median-priced home in Geary County costs roughly 11.9 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 Geary County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Geary County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,302 | $104,507 | $242,182 |
| Median Household Income | $58,054 | $72,682 | $78,145 |
| Price-to-Income Ratio | 2.8 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Geary County rose about 186.0%, while median household income rose about 33.5% 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 | Geary County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.1% | 60.4% | 58.2% |
| Rental Rate | 49.5% | 29.9% | 31.3% |
| Vacancy Rate | 13.4% | 9.7% | 10.6% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Geary County has a homeownership rate of 37.1%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 13.4%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Geary County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Geary County was built around 1986. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Geary County, Kansas.
What is the median home price in Geary County, Kansas?
The median home price in Geary County, Kansas is $160,302, higher than the Kansas average of $104,507.
What is the average home price in Geary 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 Geary County, Kansas?
The median gross rent in Geary County, Kansas is $1,119 per month, higher than the Kansas average of $1,029.
What was the median gross rent in Geary County in 2020?
In 2020, the median gross rent in Geary County, Kansas was $954 per month.
What is the price-to-rent ratio in Geary County, Kansas?
The price-to-rent ratio in Geary County, Kansas is about 11.9, meaning it would take roughly 11.9 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 Geary County.
Are home prices or rent rising faster in Geary County, Kansas?
Both home prices and rent are rising in Geary County, up about 12.8% and 1.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Geary County, Kansas?
37.1% of households in Geary County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Geary County, Kansas?
The housing vacancy rate in Geary County, Kansas is 13.4%, higher than the Kansas average of 9.7%.