Olathe, Kansas Housing Market Prices
Olathe 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 252% above the Kansas median$368,591
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Median rent 23% above the Kansas median$1,304
Housing Market Overview
| Metric | Olathe | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $368,591 | $104,644 | $248,835 |
| Price Trend (Annual %) | 7.9% | 4.4% | 7.5% |
| Median Gross Rent | $1,304 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Olathe is about 252% higher than in Kansas. Rent is about 23% 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 Olathe, up about 7.9% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Olathe rose about 45.2% between 2015 and 2024, from $898 to $1,304. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Olathe.
Buying the median-priced home in Olathe costs roughly 23.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Olathe. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Olathe | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $368,591 | $104,644 | $248,835 |
| Median Household Income | $111,037 | $74,287 | $80,455 |
| Price-to-Income Ratio | 3.3 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Olathe rose about 73.6%, while median household income rose about 42.5% 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 | Olathe | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.5% | 60.9% | 58.5% |
| Rental Rate | 25.6% | 29.8% | 31.2% |
| Vacancy Rate | 2.9% | 9.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Olathe has a homeownership rate of 71.5%, higher than the Kansas average of 60.9%. Its housing vacancy rate is 2.9%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Olathe | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1992 | 1975 | 1978 |
| Median Number of Rooms | 6.7 | 6.0 | 5.5 |
The typical housing unit in Olathe was built around 1992. On average, 2.7 people live in a home with about 6.7 rooms, staying for about 13.0 years on average.
Olathe, KS Housing Compared With Nearby Cities
Olathe, KS is the 2nd largest of the 4 cities compared here, 134,319 residents against a local median of 69,410. Olathe, KS's median home price, at $368,591, runs 30% above the $282,783 typical of the cities around it.
Homeownership tells the same story from another angle: 73.7% against a local median of 61.5%, 20% above it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Olathe, KS at the better end of the local range. The cities themselves spread $174,797 on median home price, so Olathe, KS sits at one end of an already wide local range rather than apart from it. Olathe, KS has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Olathe, KS | 134,319 | $368,591 #1/4 | $1,304 #4/4 | 73.7% #1/4 |
| Lenexa, KS | 56,224 | $329,760 | $1,452 | 57.3% |
| Overland Park, KS | 197,762 | $154,964 | $1,514 | 61.5% |
| Shawnee, KS | 69,410 | $282,783 | $1,338 | 72.5% |
Frequently Asked Questions
Common questions about the housing market in Olathe, Kansas.
What is the median home price in Olathe, Kansas?
The median home price in Olathe, Kansas is $368,591, higher than the Kansas average of $104,644.
What is the average home price in Olathe, Kansas?
The typical home price in Olathe, Kansas, reported as the median sale price, is $368,591. 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 Olathe, Kansas?
The median gross rent in Olathe, Kansas is $1,304 per month, higher than the Kansas average of $1,060.
What was the median gross rent in Olathe in 2020?
In 2020, the median gross rent in Olathe, Kansas was $1,061 per month.
What is the price-to-rent ratio in Olathe, Kansas?
The price-to-rent ratio in Olathe, Kansas is about 23.6, meaning it would take roughly 23.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Olathe.
Are home prices or rent rising faster in Olathe, Kansas?
Both home prices and rent are rising in Olathe, up about 7.9% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Olathe, Kansas?
71.5% of households in Olathe, Kansas own their home, higher than the Kansas average of 60.9%.
What is the vacancy rate in Olathe, Kansas?
The housing vacancy rate in Olathe, Kansas is 2.9%, lower than the Kansas average of 9.2%.
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