Prairie Village, Kansas Housing Market Prices
Prairie Village 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 326% above the Kansas median$446,138
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Median rent 70% above the Kansas median$1,801
Housing Market Overview
| Metric | Prairie Village | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $446,138 | $104,644 | $248,835 |
| Price Trend (Annual %) | 37.7% | 4.4% | 7.5% |
| Median Gross Rent | $1,801 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Prairie Village is about 326% higher than in Kansas. Rent is about 70% 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 Prairie Village, up about 37.7% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Prairie Village rose about 49.4% between 2015 and 2024, from $1,206 to $1,801. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Prairie Village.
Buying the median-priced home in Prairie Village costs roughly 20.6 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 Prairie Village. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Prairie Village | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $446,138 | $104,644 | $248,835 |
| Median Household Income | $113,449 | $74,287 | $80,455 |
| Price-to-Income Ratio | 3.9 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Prairie Village rose about 138.3%, while median household income rose about 40.8% 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 | Prairie Village | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 60.9% | 58.5% |
| Rental Rate | 24.1% | 29.8% | 31.2% |
| Vacancy Rate | 3.6% | 9.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Prairie Village has a homeownership rate of 72.3%, higher than the Kansas average of 60.9%. Its housing vacancy rate is 3.6%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Prairie Village | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1962 | 1975 | 1978 |
| Median Number of Rooms | 6.6 | 6.0 | 5.5 |
The typical housing unit in Prairie Village was built around 1962. On average, 2.3 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Prairie Village, Kansas.
What is the median home price in Prairie Village, Kansas?
The median home price in Prairie Village, Kansas is $446,138, higher than the Kansas average of $104,644.
What is the average home price in Prairie Village, Kansas?
The typical home price in Prairie Village, Kansas, reported as the median sale price, is $446,138. 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 Prairie Village, Kansas?
The median gross rent in Prairie Village, Kansas is $1,801 per month, higher than the Kansas average of $1,060.
What was the median gross rent in Prairie Village in 2020?
In 2020, the median gross rent in Prairie Village, Kansas was $1,405 per month.
What is the price-to-rent ratio in Prairie Village, Kansas?
The price-to-rent ratio in Prairie Village, Kansas is about 20.6, meaning it would take roughly 20.6 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 Prairie Village.
Are home prices or rent rising faster in Prairie Village, Kansas?
Both home prices and rent are rising in Prairie Village, up about 37.7% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Prairie Village, Kansas?
72.3% of households in Prairie Village, Kansas own their home, higher than the Kansas average of 60.9%.
What is the vacancy rate in Prairie Village, Kansas?
The housing vacancy rate in Prairie Village, Kansas is 3.6%, lower than the Kansas average of 9.2%.
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