Kansas City, Missouri Housing Market Prices
Kansas City Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 32% below the Missouri median$98,431
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Median rent 19% above the Missouri median$1,232
Housing Market Overview
| Metric | Kansas City | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,431 | $145,462 | $248,835 |
| Price Trend (Annual %) | -0.4% | 5.2% | 7.5% |
| Median Gross Rent | $1,232 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kansas City is about 32% lower than in Missouri. Rent is about 19% higher than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Kansas City: home prices fell about 0.4% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
Median rent in Kansas City rose about 52.9% between 2015 and 2024, from $806 to $1,232. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Kansas City.
Buying the median-priced home in Kansas City costs roughly 6.7 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 Kansas City. The price-to-rent ratio in Missouri is about 11.7.
| Metric | Kansas City | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $98,431 | $145,462 | $248,835 |
| Median Household Income | $69,089 | $70,801 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kansas City rose about 3.4%, while median household income rose about 48.9% between 2009 and 2025 — 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 | Kansas City | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.2% | 60.5% | 58.5% |
| Rental Rate | 40.3% | 28.3% | 31.2% |
| Vacancy Rate | 9.4% | 11.2% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Kansas City has a homeownership rate of 50.2%, lower than the Missouri average of 60.5%. Its housing vacancy rate is 9.4%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Kansas City | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1970 | 1978 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Kansas City was built around 1970. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kansas City, Missouri.
What is the median home price in Kansas City, Missouri?
The median home price in Kansas City, Missouri is $98,431, lower than the Missouri average of $145,462.
What is the average home price in Kansas City, Missouri?
The typical home price in Kansas City, Missouri, reported as the median sale price, is $98,431. 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 Kansas City, Missouri?
The median gross rent in Kansas City, Missouri is $1,232 per month, higher than the Missouri average of $1,033.
What was the median gross rent in Kansas City in 2020?
In 2020, the median gross rent in Kansas City, Missouri was $975 per month.
What is the price-to-rent ratio in Kansas City, Missouri?
The price-to-rent ratio in Kansas City, Missouri is about 6.7, meaning it would take roughly 6.7 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 Kansas City.
Are home prices or rent rising faster in Kansas City, Missouri?
Home prices and rent are moving in opposite directions in Kansas City: home prices fell about 0.4% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Kansas City, Missouri?
50.2% of households in Kansas City, Missouri own their home, lower than the Missouri average of 60.5%.
What is the vacancy rate in Kansas City, Missouri?
The housing vacancy rate in Kansas City, Missouri is 9.4%, lower than the Missouri average of 11.2%.
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