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 | Meade County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,500 | $104,507 | $242,182 |
| Price Trend (Annual %) | 17.8% | 5.0% | 8.2% |
| Median Gross Rent | $798 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Meade County is about 84% lower than in Kansas. Rent is about 22% lower 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 Meade County, up about 17.8% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Meade County rose about 21.8% between 2015 and 2023, from $655 to $798. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Meade County.
Buying the median-priced home in Meade County costs roughly 1.7 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 Meade County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Meade County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $16,500 | $104,507 | $242,182 |
| Median Household Income | $74,828 | $72,682 | $78,145 |
| Price-to-Income Ratio | 0.2 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Meade County fell about 23.8%, while median household income rose about 64.9% 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 | Meade County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 60.4% | 58.2% |
| Rental Rate | 21.9% | 29.9% | 31.3% |
| Vacancy Rate | 20.0% | 9.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Meade County has a homeownership rate of 58.2%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 20.0%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Meade County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1959 | 1974 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Meade County was built around 1959. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Meade County, Kansas.
What is the median home price in Meade County, Kansas?
The median home price in Meade County, Kansas is $16,500, lower than the Kansas average of $104,507.
What is the average home price in Meade 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 Meade County, Kansas?
The median gross rent in Meade County, Kansas is $798 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Meade County in 2020?
In 2020, the median gross rent in Meade County, Kansas was $639 per month.
What is the price-to-rent ratio in Meade County, Kansas?
The price-to-rent ratio in Meade County, Kansas is about 1.7, meaning it would take roughly 1.7 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 Meade County.
Are home prices or rent rising faster in Meade County, Kansas?
Both home prices and rent are rising in Meade County, up about 17.8% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Meade County, Kansas?
58.2% of households in Meade County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Meade County, Kansas?
The housing vacancy rate in Meade County, Kansas is 20.0%, higher than the Kansas average of 9.7%.