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 | Woodson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,000 | $104,507 | $242,182 |
| Price Trend (Annual %) | 88.6% | 5.0% | 8.2% |
| Median Gross Rent | $596 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodson County is about 52% lower than in Kansas. Rent is about 42% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Woodson County, up about 88.6% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Woodson County rose about 6.8% between 2015 and 2023, from $558 to $596. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Woodson County.
Buying the median-priced home in Woodson County costs roughly 7.0 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 Woodson County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Woodson County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $50,000 | $104,507 | $242,182 |
| Median Household Income | $47,638 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.0 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Woodson County rose about 471.5%, while median household income rose about 60.2% 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 | Woodson County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 60.4% | 58.2% |
| Rental Rate | 11.0% | 29.9% | 31.3% |
| Vacancy Rate | 33.4% | 9.7% | 10.6% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Woodson County has a homeownership rate of 55.6%, lower than the Kansas average of 60.4%. Its housing vacancy rate is 33.4%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Woodson County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1962 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Woodson County was built around 1962. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Woodson County, Kansas.
What is the median home price in Woodson County, Kansas?
The median home price in Woodson County, Kansas is $50,000, lower than the Kansas average of $104,507.
What is the average home price in Woodson 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 Woodson County, Kansas?
The median gross rent in Woodson County, Kansas is $596 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Woodson County in 2020?
In 2020, the median gross rent in Woodson County, Kansas was $592 per month.
What is the price-to-rent ratio in Woodson County, Kansas?
The price-to-rent ratio in Woodson County, Kansas is about 7.0, meaning it would take roughly 7.0 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 Woodson County.
Are home prices or rent rising faster in Woodson County, Kansas?
Both home prices and rent are rising in Woodson County, up about 88.6% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Woodson County, Kansas?
55.6% of households in Woodson County, Kansas own their home, lower than the Kansas average of 60.4%.
What is the vacancy rate in Woodson County, Kansas?
The housing vacancy rate in Woodson County, Kansas is 33.4%, higher than the Kansas average of 9.7%.