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 | Seward County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $42,580 | $104,507 | $242,182 |
| Price Trend (Annual %) | 0.3% | 5.0% | 8.2% |
| Median Gross Rent | $924 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 4.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Seward County is about 59% lower than in Kansas. Rent is about 10% 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 Seward County, up about 0.3% and 4.2% a year respectively. Rent is changing faster.
Median rent in Seward County rose about 39.1% between 2015 and 2023, from $664 to $924. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Seward County.
Buying the median-priced home in Seward County costs roughly 3.8 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 Seward County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Seward County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $42,580 | $104,507 | $242,182 |
| Median Household Income | $62,209 | $72,682 | $78,145 |
| Price-to-Income Ratio | 0.7 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Seward County fell about 80.5%, while median household income rose about 49.5% 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 | Seward County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.2% | 60.4% | 58.2% |
| Rental Rate | 33.7% | 29.9% | 31.3% |
| Vacancy Rate | 13.1% | 9.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Seward County has a homeownership rate of 53.2%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 13.1%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Seward County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.95 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1973 | 1974 | 1978 |
| Median Number of Rooms | 5.1 | 6.0 | 5.5 |
The typical housing unit in Seward County was built around 1973. On average, 3.0 people live in a home with about 5.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Seward County, Kansas.
What is the median home price in Seward County, Kansas?
The median home price in Seward County, Kansas is $42,580, lower than the Kansas average of $104,507.
What is the average home price in Seward 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 Seward County, Kansas?
The median gross rent in Seward County, Kansas is $924 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Seward County in 2020?
In 2020, the median gross rent in Seward County, Kansas was $768 per month.
What is the price-to-rent ratio in Seward County, Kansas?
The price-to-rent ratio in Seward County, Kansas is about 3.8, meaning it would take roughly 3.8 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 Seward County.
Are home prices or rent rising faster in Seward County, Kansas?
Both home prices and rent are rising in Seward County, up about 0.3% and 4.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Seward County, Kansas?
53.2% of households in Seward County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Seward County, Kansas?
The housing vacancy rate in Seward County, Kansas is 13.1%, higher than the Kansas average of 9.7%.