Current home values in Kansas

Home values have been rising throughout Kansas and are up 8.9% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $283,862, Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in Kansas: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a $283,862 home at 3.33% would give a typical Kansas homebuyer a monthly payment of $998, assuming a 20% down payment.

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How the Kansas housing market stacks up

Older couple in a wheat field at sunset
Ruslan Huzau / Shutterstock
Older couple in Kansas enjoying the sunset in a wheat field on a weekend.

The state's median home value is higher than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in Kansas, they're predicted to rise 4.2%.

Homes right now are going on the market in Kansas at a median price of $93 per square foot, versus $134 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
2020* $153,289
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

*2020 price average through March 31, 2020.

Compare current mortgage rates from top national lenders. Get the best rate for your purchase or mortgage refinance.

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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
2020* $233,214
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

*2020 price average through March 31, 2020.

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