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 | Osborne County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,333 | $104,507 | $242,182 |
| Price Trend (Annual %) | 66.9% | 5.0% | 8.2% |
| Median Gross Rent | $590 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Osborne County is about 39% lower than in Kansas. Rent is about 43% 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 Osborne County, up about 66.9% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Osborne County rose about 29.6% between 2015 and 2023, from $455 to $590. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Osborne County.
Buying the median-priced home in Osborne County costs roughly 8.9 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 Osborne County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Osborne County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,333 | $104,507 | $242,182 |
| Median Household Income | $59,520 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Osborne County rose about 211.8%, while median household income rose about 78.4% between 2009 and 2023 — 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 | Osborne County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.7% | 60.4% | 58.2% |
| Rental Rate | 18.7% | 29.9% | 31.3% |
| Vacancy Rate | 20.6% | 9.7% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Osborne County has a homeownership rate of 60.7%, about the same as the Kansas average of 60.4%. Its housing vacancy rate is 20.6%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Osborne County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1948 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Osborne County was built around 1948. On average, 2.1 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 Osborne County, Kansas.
What is the median home price in Osborne County, Kansas?
The median home price in Osborne County, Kansas is $63,333, lower than the Kansas average of $104,507.
What is the average home price in Osborne 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 Osborne County, Kansas?
The median gross rent in Osborne County, Kansas is $590 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Osborne County in 2020?
In 2020, the median gross rent in Osborne County, Kansas was $554 per month.
What is the price-to-rent ratio in Osborne County, Kansas?
The price-to-rent ratio in Osborne County, Kansas is about 8.9, meaning it would take roughly 8.9 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 Osborne County.
Are home prices or rent rising faster in Osborne County, Kansas?
Both home prices and rent are rising in Osborne County, up about 66.9% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Osborne County, Kansas?
60.7% of households in Osborne County, Kansas own their home, about the same as the Kansas average.
What is the vacancy rate in Osborne County, Kansas?
The housing vacancy rate in Osborne County, Kansas is 20.6%, higher than the Kansas average of 9.7%.