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 | Shawnee County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,916 | $104,507 | $242,182 |
| Price Trend (Annual %) | 7.5% | 5.0% | 8.2% |
| Median Gross Rent | $969 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 4.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shawnee County is about 18% higher than in Kansas. Rent is about 6% 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 Shawnee County, up about 7.5% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Shawnee County rose about 31.4% between 2015 and 2023, from $737 to $969. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Shawnee County.
Buying the median-priced home in Shawnee County costs roughly 10.6 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 Shawnee County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Shawnee County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,916 | $104,507 | $242,182 |
| Median Household Income | $66,552 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.8 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Shawnee County rose about 88.1%, while median household income rose about 42.7% 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 | Shawnee County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 60.4% | 58.2% |
| Rental Rate | 30.4% | 29.9% | 31.3% |
| Vacancy Rate | 7.9% | 9.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Shawnee County has a homeownership rate of 61.7%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 7.9%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Shawnee County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1971 | 1974 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Shawnee County was built around 1971. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Shawnee County, Kansas.
What is the median home price in Shawnee County, Kansas?
The median home price in Shawnee County, Kansas is $122,916, higher than the Kansas average of $104,507.
What is the average home price in Shawnee 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 Shawnee County, Kansas?
The median gross rent in Shawnee County, Kansas is $969 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Shawnee County in 2020?
In 2020, the median gross rent in Shawnee County, Kansas was $825 per month.
What is the price-to-rent ratio in Shawnee County, Kansas?
The price-to-rent ratio in Shawnee County, Kansas is about 10.6, meaning it would take roughly 10.6 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 Shawnee County.
Are home prices or rent rising faster in Shawnee County, Kansas?
Both home prices and rent are rising in Shawnee County, up about 7.5% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shawnee County, Kansas?
61.7% of households in Shawnee County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Shawnee County, Kansas?
The housing vacancy rate in Shawnee County, Kansas is 7.9%, lower than the Kansas average of 9.7%.