Pratt County, Kansas Housing Market Prices
Pratt County 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 32% below the Kansas median$70,698
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Median rent 24% below the Kansas median$802
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pratt County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $70,698 | $104,644 | $248,835 |
| Price Trend (Annual %) | 64.4% | 4.4% | 7.5% |
| Median Gross Rent | $802 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pratt County is about 32% lower than in Kansas. Rent is about 24% lower 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 Pratt County, up about 64.4% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Pratt County rose about 26.0% between 2015 and 2024, from $637 to $802. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Pratt County.
Buying the median-priced home in Pratt County costs roughly 7.3 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 Pratt County. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Pratt County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $70,698 | $104,644 | $248,835 |
| Median Household Income | $63,992 | $74,287 | $80,455 |
| Price-to-Income Ratio | 1.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pratt County fell about 2.0%, while median household income rose about 40.2% 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 | Pratt County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 60.9% | 58.5% |
| Rental Rate | 21.3% | 29.8% | 31.2% |
| Vacancy Rate | 20.5% | 9.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Pratt County has a homeownership rate of 58.2%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 20.5%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Pratt County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1958 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Pratt County was built around 1958. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pratt County, Kansas.
What is the median home price in Pratt County, Kansas?
The median home price in Pratt County, Kansas is $70,698, lower than the Kansas average of $104,644.
What is the average home price in Pratt County, Kansas?
The typical home price in Pratt County, Kansas, reported as the median sale price, is $70,698. 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 Pratt County, Kansas?
The median gross rent in Pratt County, Kansas is $802 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Pratt County in 2020?
In 2020, the median gross rent in Pratt County, Kansas was $696 per month.
What is the price-to-rent ratio in Pratt County, Kansas?
The price-to-rent ratio in Pratt County, Kansas is about 7.3, meaning it would take roughly 7.3 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 Pratt County.
Are home prices or rent rising faster in Pratt County, Kansas?
Both home prices and rent are rising in Pratt County, up about 64.4% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pratt County, Kansas?
58.2% of households in Pratt County, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Pratt County, Kansas?
The housing vacancy rate in Pratt County, Kansas is 20.5%, higher than the Kansas average of 9.2%.
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