Overland Park, Kansas Housing Market Prices
Overland Park 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 48% above the Kansas median$154,964
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Median rent 43% above the Kansas median$1,514
Housing Market Overview
| Metric | Overland Park | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,964 | $104,644 | $248,835 |
| Price Trend (Annual %) | -3.6% | 4.4% | 7.5% |
| Median Gross Rent | $1,514 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Overland Park is about 48% higher than in Kansas. Rent is about 43% higher than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Overland Park: home prices fell about 3.6% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in Overland Park rose about 53.1% between 2015 and 2024, from $989 to $1,514. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Overland Park.
Buying the median-priced home in Overland Park costs roughly 8.5 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 Overland Park. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Overland Park | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,964 | $104,644 | $248,835 |
| Median Household Income | $106,626 | $74,287 | $80,455 |
| Price-to-Income Ratio | 1.5 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Overland Park fell about 28.0%, while median household income rose about 43.9% between 2009 and 2025 — 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 | Overland Park | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.6% | 60.9% | 58.5% |
| Rental Rate | 36.6% | 29.8% | 31.2% |
| Vacancy Rate | 4.7% | 9.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Overland Park has a homeownership rate of 58.6%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 4.7%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Overland Park | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1988 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Overland Park was built around 1988. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 12.0 years on average.
Overland Park, KS Housing Compared With Nearby Cities
How Overland Park, KS compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Overland Park, KS | 197,762 | $154,964 #3/3 | $1,514 #2/3 | 61.5% #3/3 |
| Leawood, KS | 34,078 | $272,302 | $1,815 | 87.3% |
| Olathe, KS | 134,319 | $368,591 | $1,304 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Overland Park, Kansas.
What is the median home price in Overland Park, Kansas?
The median home price in Overland Park, Kansas is $154,964, higher than the Kansas average of $104,644.
What is the average home price in Overland Park, Kansas?
The typical home price in Overland Park, Kansas, reported as the median sale price, is $154,964. 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 Overland Park, Kansas?
The median gross rent in Overland Park, Kansas is $1,514 per month, higher than the Kansas average of $1,060.
What was the median gross rent in Overland Park in 2020?
In 2020, the median gross rent in Overland Park, Kansas was $1,200 per month.
What is the price-to-rent ratio in Overland Park, Kansas?
The price-to-rent ratio in Overland Park, Kansas is about 8.5, meaning it would take roughly 8.5 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 Overland Park.
Are home prices or rent rising faster in Overland Park, Kansas?
Home prices and rent are moving in opposite directions in Overland Park: home prices fell about 3.6% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Overland Park, Kansas?
58.6% of households in Overland Park, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Overland Park, Kansas?
The housing vacancy rate in Overland Park, Kansas is 4.7%, lower than the Kansas average of 9.2%.
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