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 | Greeley County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,444 | $104,507 | $242,182 |
| Price Trend (Annual %) | 1.0% | 5.0% | 8.2% |
| Median Gross Rent | $915 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greeley County is about 34% lower than in Kansas. Rent is about 11% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2019
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Greeley County, up about 1.0% and 2.9% a year respectively. Rent is changing faster.
Median rent in Greeley County rose about 13.0% between 2015 and 2023, from $810 to $915. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Greeley County.
Buying the median-priced home in Greeley County costs roughly 6.3 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 Greeley County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Greeley County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $69,444 | $104,507 | $242,182 |
| Median Household Income | $78,770 | $72,682 | $78,145 |
| Price-to-Income Ratio | 0.9 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2019, the median home price in Greeley County fell about 63.0%, while median household income rose about 61.0% 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 | Greeley County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.1% | 60.4% | 58.2% |
| Rental Rate | 18.2% | 29.9% | 31.3% |
| Vacancy Rate | 15.8% | 9.7% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Greeley County has a homeownership rate of 66.1%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 15.8%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Greeley County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1964 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Greeley County was built around 1964. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greeley County, Kansas.
What is the median home price in Greeley County, Kansas?
The median home price in Greeley County, Kansas is $69,444, lower than the Kansas average of $104,507.
What is the average home price in Greeley 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 Greeley County, Kansas?
The median gross rent in Greeley County, Kansas is $915 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Greeley County in 2020?
In 2020, the median gross rent in Greeley County, Kansas was $600 per month.
What is the price-to-rent ratio in Greeley County, Kansas?
The price-to-rent ratio in Greeley County, Kansas is about 6.3, meaning it would take roughly 6.3 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 Greeley County.
Are home prices or rent rising faster in Greeley County, Kansas?
Both home prices and rent are rising in Greeley County, up about 1.0% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Greeley County, Kansas?
66.1% of households in Greeley County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Greeley County, Kansas?
The housing vacancy rate in Greeley County, Kansas is 15.8%, higher than the Kansas average of 9.7%.