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 | Hamilton County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,916 | $104,507 | $242,182 |
| Price Trend (Annual %) | -5.0% | 5.0% | 8.2% |
| Median Gross Rent | $777 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 73% lower than in Kansas. Rent is about 24% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2022
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Hamilton County: home prices fell about 5.0% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
Median rent in Hamilton County rose about 40.4% between 2015 and 2023, from $553 to $777. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 3.0 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 Hamilton County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Hamilton County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,916 | $104,507 | $242,182 |
| Median Household Income | $64,602 | $72,682 | $78,145 |
| Price-to-Income Ratio | 0.4 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2022, the median home price in Hamilton County fell about 36.7%, while median household income rose about 88.5% 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 | Hamilton County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.7% | 60.4% | 58.2% |
| Rental Rate | 14.1% | 29.9% | 31.3% |
| Vacancy Rate | 25.2% | 9.7% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Hamilton County has a homeownership rate of 60.7%, about the same as the Kansas average of 60.4%. Its housing vacancy rate is 25.2%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Hamilton County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.21 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1970 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Hamilton County was built around 1970. On average, 3.2 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Kansas.
What is the median home price in Hamilton County, Kansas?
The median home price in Hamilton County, Kansas is $27,916, lower than the Kansas average of $104,507.
What is the average home price in Hamilton 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 Hamilton County, Kansas?
The median gross rent in Hamilton County, Kansas is $777 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Kansas was $705 per month.
What is the price-to-rent ratio in Hamilton County, Kansas?
The price-to-rent ratio in Hamilton County, Kansas is about 3.0, meaning it would take roughly 3.0 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 Hamilton County.
Are home prices or rent rising faster in Hamilton County, Kansas?
Home prices and rent are moving in opposite directions in Hamilton County: home prices fell about 5.0% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hamilton County, Kansas?
60.7% of households in Hamilton County, Kansas own their home, about the same as the Kansas average.
What is the vacancy rate in Hamilton County, Kansas?
The housing vacancy rate in Hamilton County, Kansas is 25.2%, higher than the Kansas average of 9.7%.