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 | Wilson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $203,846 | $104,507 | $242,182 |
| Price Trend (Annual %) | 4.0% | 5.0% | 8.2% |
| Median Gross Rent | $726 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 3.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wilson County is about 95% higher than in Kansas. Rent is about 29% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Wilson County, up about 4.0% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Wilson County rose about 22.1% between 2015 and 2023, from $595 to $726. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Wilson County.
Buying the median-priced home in Wilson County costs roughly 23.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Wilson County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Wilson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $203,846 | $104,507 | $242,182 |
| Median Household Income | $57,413 | $72,682 | $78,145 |
| Price-to-Income Ratio | 3.6 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2022, the median home price in Wilson County rose about 15.9%, while median household income rose about 51.0% 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 | Wilson County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 60.4% | 58.2% |
| Rental Rate | 20.1% | 29.9% | 31.3% |
| Vacancy Rate | 21.7% | 9.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Wilson County has a homeownership rate of 58.1%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 21.7%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Wilson County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.18 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1970 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Wilson County was built around 1970. On average, 1.2 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wilson County, Kansas.
What is the median home price in Wilson County, Kansas?
The median home price in Wilson County, Kansas is $203,846, higher than the Kansas average of $104,507.
What is the average home price in Wilson 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 Wilson County, Kansas?
The median gross rent in Wilson County, Kansas is $726 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Wilson County in 2020?
In 2020, the median gross rent in Wilson County, Kansas was $662 per month.
What is the price-to-rent ratio in Wilson County, Kansas?
The price-to-rent ratio in Wilson County, Kansas is about 23.4, meaning it would take roughly 23.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Wilson County.
Are home prices or rent rising faster in Wilson County, Kansas?
Both home prices and rent are rising in Wilson County, up about 4.0% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wilson County, Kansas?
58.1% of households in Wilson County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Wilson County, Kansas?
The housing vacancy rate in Wilson County, Kansas is 21.7%, higher than the Kansas average of 9.7%.