Home Values Are Heating Up in Kansas

At a time of low mortgage rates, see if homes in The Sunflower State are a good deal.

Flags on a southern California street. Bill Chizek / Shutterstock

Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Kansas?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Kansas is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Kansas

Home values have been rising throughout Kansas and are up 3.45% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $140,900 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home price for Kansas at $140,900 , a representative monthly mortgage payment would be $647.74.

How the Kansas housing market stacks up

Wichita, Kansas, USA downtown skyline at dusk.
Sean Pavone / Shutterstock
Wichita, Kansas, USA downtown skyline at dusk

Property values in Kansas are high by historical standards and are lower than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Kansas, they're expected to rise 2.62%.

Homes are going on the market in Kansas at a median price of $102 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Kansas home prices over the last 10 years

Year Avg. Price
2019* $140,750
2018 $135,358
2017 $129,083
2016 $121,525
2015 $115,875
2014 $112,692
2013 $109,650
2012 $108,875
2011 $110,617
2010 $114,792
2009 $116,067

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Kansas is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $255,000
2018 $247,500
2017 $235,000
2016 $220,000
2015 $210,000
2014 $202,500
2013 $200,000
2012 $197,500
2011 $200,000
2010 $210,000
2009 $210,000

*2019 price average through August 2019.