Kansas Real Estate Market Overview
Average Monthly Rent:
$944
Percentage Change in Home Price/Value:
5.90%
Median Home Value:
$147,900
Best Time To Sell Home:
July
Affordability Index:
203.5
Days To Sell House:
61.417
Job Market:
Fair
Public School Ranking:
30
Location and Weather
Originally an outfitting post for western expeditions, Kansas City continues its legacy as a major distribution port in the mid-west. On the Missouri River where it meets the Kansas river, Kansas City is a part of a large urban area which includes many smaller towns.
Kansas City has a warm season from late May to mid-September with high temperatures above 80 degrees and lows in the low 70’s. Its cold season is from late November to late February with high temperatures below 50 degrees and lows in the mid to low 20’s.
Population, Job Market and Cost of Living
In 2018, the population was 491,918 with an annual growth rate of 0.75%. The job market has increased by 1.4 percent over the last year. 10-year predicted future job growth over the next ten years is predicted to be 32.5%. The University of Missouri and other universities ensure a well-educated workforce. As a major distribution center, Kansas City also has an international airport and a huge underground industrial park called SubTropolis. Major businesses include Burns & McDonald Engineering, HNTB Architecture and H&R Block. The cost of living is moderate due to the Kansas City real estate market with moderately priced housing.
Known as the city of fountains, Kansas City is a vibrant city with an increasing job market, international airport and a major distribution center in the mid-west, continuing to attract more residents, students and jobseekers.
