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 | Osage County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,571 | $104,507 | $242,182 |
| Price Trend (Annual %) | 4.7% | 5.0% | 8.2% |
| Median Gross Rent | $809 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Osage County is about 11% lower than in Kansas. Rent is about 21% 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 Osage County, up about 4.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Osage County rose about 29.1% between 2015 and 2023, from $627 to $809. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Osage County.
Buying the median-priced home in Osage County costs roughly 9.5 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 Osage County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Osage County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,571 | $104,507 | $242,182 |
| Median Household Income | $71,370 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.3 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Osage County rose about 17.4%, while median household income rose about 51.8% 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 | Osage County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.9% | 60.4% | 58.2% |
| Rental Rate | 17.3% | 29.9% | 31.3% |
| Vacancy Rate | 12.8% | 9.7% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Osage County has a homeownership rate of 69.9%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 12.8%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Osage County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1974 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Osage County was built around 1974. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Osage County, Kansas.
What is the median home price in Osage County, Kansas?
The median home price in Osage County, Kansas is $92,571, lower than the Kansas average of $104,507.
What is the average home price in Osage 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 Osage County, Kansas?
The median gross rent in Osage County, Kansas is $809 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Osage County in 2020?
In 2020, the median gross rent in Osage County, Kansas was $721 per month.
What is the price-to-rent ratio in Osage County, Kansas?
The price-to-rent ratio in Osage County, Kansas is about 9.5, meaning it would take roughly 9.5 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 Osage County.
Are home prices or rent rising faster in Osage County, Kansas?
Both home prices and rent are rising in Osage County, up about 4.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Osage County, Kansas?
69.9% of households in Osage County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Osage County, Kansas?
The housing vacancy rate in Osage County, Kansas is 12.8%, higher than the Kansas average of 9.7%.