Kansas City, Kansas Housing Market Prices
Kansas City 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 34% above the Kansas median$140,630
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Median rent 6% above the Kansas median$1,122
Housing Market Overview
| Metric | Kansas City | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,630 | $104,644 | $248,835 |
| Price Trend (Annual %) | 20.1% | 4.4% | 7.5% |
| Median Gross Rent | $1,122 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kansas City is about 34% higher than in Kansas. Rent is about 6% higher 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 Kansas City, up about 20.1% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Kansas City rose about 44.1% between 2015 and 2024, from $779 to $1,122. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Kansas City.
Buying the median-priced home in Kansas City costs roughly 10.4 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 Kansas City. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Kansas City | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $140,630 | $104,644 | $248,835 |
| Median Household Income | $63,173 | $74,287 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kansas City rose about 253.1%, while median household income rose about 59.7% 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 | Kansas City | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.3% | 60.9% | 58.5% |
| Rental Rate | 34.8% | 29.8% | 31.2% |
| Vacancy Rate | 10.9% | 9.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Kansas City has a homeownership rate of 54.3%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 10.9%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Kansas City | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1964 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 6.0 | 5.5 |
The typical housing unit in Kansas City was built around 1964. On average, 2.7 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kansas City, Kansas.
What is the median home price in Kansas City, Kansas?
The median home price in Kansas City, Kansas is $140,630, higher than the Kansas average of $104,644.
What is the average home price in Kansas City, Kansas?
The typical home price in Kansas City, Kansas, reported as the median sale price, is $140,630. 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 Kansas City, Kansas?
The median gross rent in Kansas City, Kansas is $1,122 per month, higher than the Kansas average of $1,060.
What was the median gross rent in Kansas City in 2020?
In 2020, the median gross rent in Kansas City, Kansas was $881 per month.
What is the price-to-rent ratio in Kansas City, Kansas?
The price-to-rent ratio in Kansas City, Kansas is about 10.4, meaning it would take roughly 10.4 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 Kansas City.
Are home prices or rent rising faster in Kansas City, Kansas?
Both home prices and rent are rising in Kansas City, up about 20.1% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kansas City, Kansas?
54.3% of households in Kansas City, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Kansas City, Kansas?
The housing vacancy rate in Kansas City, Kansas is 10.9%, higher than the Kansas average of 9.2%.
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