Hutchinson, Kansas Housing Market Prices
Hutchinson Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% above the Kansas median$116,036
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Median rent 18% below the Kansas median$870
Housing Market Overview
| Metric | Hutchinson | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,036 | $104,644 | $248,835 |
| Price Trend (Annual %) | 11.9% | 4.4% | 7.5% |
| Median Gross Rent | $870 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hutchinson is about 11% higher than in Kansas. Rent is about 18% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hutchinson, up about 11.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Hutchinson rose about 31.2% between 2015 and 2024, from $663 to $870. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Hutchinson.
Buying the median-priced home in Hutchinson costs roughly 11.1 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 Hutchinson. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Hutchinson | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $116,036 | $104,644 | $248,835 |
| Median Household Income | $57,346 | $74,287 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hutchinson rose about 66.4%, while median household income rose about 46.1% between 2009 and 2025 — 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 | Hutchinson | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 60.9% | 58.5% |
| Rental Rate | 34.4% | 29.8% | 31.2% |
| Vacancy Rate | 10.2% | 9.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Hutchinson has a homeownership rate of 55.4%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 10.2%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Hutchinson | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1958 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 6.0 | 5.5 |
The typical housing unit in Hutchinson was built around 1958. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hutchinson, Kansas.
What is the median home price in Hutchinson, Kansas?
The median home price in Hutchinson, Kansas is $116,036, higher than the Kansas average of $104,644.
What is the average home price in Hutchinson, Kansas?
The typical home price in Hutchinson, Kansas, reported as the median sale price, is $116,036. 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 Hutchinson, Kansas?
The median gross rent in Hutchinson, Kansas is $870 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Hutchinson in 2020?
In 2020, the median gross rent in Hutchinson, Kansas was $756 per month.
What is the price-to-rent ratio in Hutchinson, Kansas?
The price-to-rent ratio in Hutchinson, Kansas is about 11.1, meaning it would take roughly 11.1 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 Hutchinson.
Are home prices or rent rising faster in Hutchinson, Kansas?
Both home prices and rent are rising in Hutchinson, up about 11.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hutchinson, Kansas?
55.4% of households in Hutchinson, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Hutchinson, Kansas?
The housing vacancy rate in Hutchinson, Kansas is 10.2%, higher than the Kansas average of 9.2%.
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