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According to statistics, the population in Kansas City, MO amounts to 491,809, which shows decline 1% compared to the previous year. The median age of the city’s residents is 35. The average household income is $54,372, shifting growth 6% from the past year, and the average property value in Kansas City, MO growth 9% to $166,400 throughout the year.
|Number Of Employees||255,698|
|Median Property Value||$166,400|
The average household income in Kansas City, MO grew from $51,330 to $54,372 in the past year. This data is an estimate based upon 207,377 households in Kansas City, MO . The chart below presents how household income is distributed in Kansas City, MO in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Kansas City, MO shifted from $152,900 to $166,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Kansas City, MO in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Kansas City, MO properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Kansas City, MO compared to median property taxes around the country. The prevalent amount of property taxes in Kansas City, MO equals $3000, which is less than the national average.
|Apartment Size||May||vs Last Month|
|1 bed apartments||$170,400||+9.6%|
|2 bed apartments||$186,180||+7.7%|
|3 bed apartments||$229,268||-11.1%|
|4+ bed apartments||$398,190||-5.9%|
During May 2021, the average price for an apartment in/near Kansas City, MO decreased by 15.1% to $278,949.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $170,400 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $186,180. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $229,268. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $398,190 for a big-family home.
|Listing Type||May||vs Last Month|
|Duplexes for sale||$165,000||-44.1%|
|Apartments for sale||$276,317||-14.5%|
|Lofts for sale||$492,499||+11.5%|
While assessing the property pricing Kansas City, MO, you can note that it remains flat with a price tag of $276,317. An average value of duplex is $165,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $492,499.
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