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Kansas real estate market overview
- Average Monthly Rent: $1,220
- Home Price/Value Percentage Change: 6.30%
- Median Home Value: $222,522
- Best Time To Sell a Home: July
- Affordability Index: Moderate
- Days To Sell a House: 29
- Job Market: Weak
- Public School Ranking: 35
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 2023, the population is 522,580 with an annual growth rate of 0.93%.
The job market has decreased by -3.81% 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 Hallmark Cards, Cerner, Saint Luke's Health system, Lockton Companies and Mac Equipment Inc.
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 midwest, continuing to attract more residents, students and jobseekers.
Kansas real estate market details
- Gashland
- Brookside
- Waldo
- Downtown Loop
- Armour Hills
The average monthly rent in Kansas is $1,220 for an average apartment size of 898 sq. feet.
There has been a 6.3% increase in median home value over the last year. As of 2023, the median home value is $222,522.
On average, homes in Kansas sell after 29 days on the market.
The best time to sell a home for the highest valued sale is during July. For the quickest sale, homeowners should sell in June.
The affordability index in Kansas is 88. This number indicates moderate affordability in this city.
The top ranked public schools are Rising Hill Elementary School, Park Hill High School, Bell Prairie High School, Shoal Creek Elementary School and Nashua Elementary School. This information is based on data measuring academic performance and equity.