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 | Stevens County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,001 | $104,507 | $242,182 |
| Price Trend (Annual %) | — | 5.0% | 8.2% |
| Median Gross Rent | $929 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Stevens County is about 4% lower than in Kansas. Rent is about 10% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015
Median Rent Prices, 2015-2023
Median rent in Stevens County rose about 43.9% between 2015 and 2023, from $646 to $929. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Stevens County.
Buying the median-priced home in Stevens County costs roughly 9.0 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 Stevens County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Stevens County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,001 | $104,507 | $242,182 |
| Median Household Income | $63,516 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.6 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Occupancy & Tenure
| Metric | Stevens County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 60.4% | 58.2% |
| Rental Rate | 21.5% | 29.9% | 31.3% |
| Vacancy Rate | 20.3% | 9.7% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Stevens County has a homeownership rate of 58.2%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 20.3%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Stevens County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1974 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Stevens County was built around 1974. On average, 2.9 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Stevens County, Kansas.
What is the median home price in Stevens County, Kansas?
The median home price in Stevens County, Kansas is $100,001, lower than the Kansas average of $104,507.
What is the average home price in Stevens 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 Stevens County, Kansas?
The median gross rent in Stevens County, Kansas is $929 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Stevens County in 2020?
In 2020, the median gross rent in Stevens County, Kansas was $727 per month.
What is the price-to-rent ratio in Stevens County, Kansas?
The price-to-rent ratio in Stevens County, Kansas is about 9.0, meaning it would take roughly 9.0 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 Stevens County.
What is the homeownership rate in Stevens County, Kansas?
58.2% of households in Stevens County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Stevens County, Kansas?
The housing vacancy rate in Stevens County, Kansas is 20.3%, higher than the Kansas average of 9.7%.