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 | Wabaunsee County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,304 | $104,507 | $242,182 |
| Price Trend (Annual %) | 1.2% | 5.0% | 8.2% |
| Median Gross Rent | $771 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 1.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wabaunsee County is about 17% lower than in Kansas. Rent is about 25% 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 Wabaunsee County, up about 1.2% and 1.9% a year respectively. Rent is changing faster.
Median rent in Wabaunsee County rose about 8.4% between 2015 and 2023, from $711 to $771. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Wabaunsee County.
Buying the median-priced home in Wabaunsee County costs roughly 9.3 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 Wabaunsee County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Wabaunsee County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,304 | $104,507 | $242,182 |
| Median Household Income | $70,622 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.2 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Wabaunsee County fell about 34.8%, while median household income rose about 33.8% 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 | Wabaunsee County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.5% | 60.4% | 58.2% |
| Rental Rate | 16.9% | 29.9% | 31.3% |
| Vacancy Rate | 16.6% | 9.7% | 10.6% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Wabaunsee County has a homeownership rate of 66.5%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 16.6%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Wabaunsee County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1967 | 1974 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Wabaunsee County was built around 1967. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wabaunsee County, Kansas.
What is the median home price in Wabaunsee County, Kansas?
The median home price in Wabaunsee County, Kansas is $86,304, lower than the Kansas average of $104,507.
What is the average home price in Wabaunsee 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 Wabaunsee County, Kansas?
The median gross rent in Wabaunsee County, Kansas is $771 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Wabaunsee County in 2020?
In 2020, the median gross rent in Wabaunsee County, Kansas was $678 per month.
What is the price-to-rent ratio in Wabaunsee County, Kansas?
The price-to-rent ratio in Wabaunsee County, Kansas is about 9.3, meaning it would take roughly 9.3 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 Wabaunsee County.
Are home prices or rent rising faster in Wabaunsee County, Kansas?
Both home prices and rent are rising in Wabaunsee County, up about 1.2% and 1.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Wabaunsee County, Kansas?
66.5% of households in Wabaunsee County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Wabaunsee County, Kansas?
The housing vacancy rate in Wabaunsee County, Kansas is 16.6%, higher than the Kansas average of 9.7%.