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 | Washington County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,223 | $104,507 | $242,182 |
| Price Trend (Annual %) | 75.8% | 5.0% | 8.2% |
| Median Gross Rent | $546 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 20% higher than in Kansas. Rent is about 47% 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 Washington County, up about 75.8% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Washington County rose about 18.8% between 2015 and 2023, from $460 to $546. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 19.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Washington County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Washington County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,223 | $104,507 | $242,182 |
| Median Household Income | $61,460 | $72,682 | $78,145 |
| Price-to-Income Ratio | 2.0 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Washington County rose about 1926.7%, while median household income rose about 64.9% 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 | Washington County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 60.4% | 58.2% |
| Rental Rate | 19.0% | 29.9% | 31.3% |
| Vacancy Rate | 13.2% | 9.7% | 10.6% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Washington County has a homeownership rate of 67.8%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 13.2%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Washington County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1951 | 1974 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Washington County was built around 1951. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Washington County, Kansas.
What is the median home price in Washington County, Kansas?
The median home price in Washington County, Kansas is $125,223, higher than the Kansas average of $104,507.
What is the average home price in Washington 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 Washington County, Kansas?
The median gross rent in Washington County, Kansas is $546 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Kansas was $449 per month.
What is the price-to-rent ratio in Washington County, Kansas?
The price-to-rent ratio in Washington County, Kansas is about 19.1, meaning it would take roughly 19.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Washington County.
Are home prices or rent rising faster in Washington County, Kansas?
Both home prices and rent are rising in Washington County, up about 75.8% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington County, Kansas?
67.8% of households in Washington County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Washington County, Kansas?
The housing vacancy rate in Washington County, Kansas is 13.2%, higher than the Kansas average of 9.7%.