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.

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.

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.

About the Author

Doug Whiteman

Doug Whiteman

Editor-in-Chief

Doug Whiteman is the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and CNBC.com and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."