Metropolitan Statistical Area (MSA):

Kansas City, MO-KS

Kansas City, MO-KS is a Metropolitan Statistical Area (MSA) comprising counties including .

Housing Market Trends in the Kansas City, MO-KS Metropolitan Statistical Area

The Kansas City, MO-KS metropolitan statistical area (MSA) is seeing some interesting trends in the housing market. For starters, home prices in the MSA have been on the rise for the past few years. In fact, according to Zillow, the median home value in Kansas City is currently $154,100, which is up 5.4% from last year. Additionally, rent prices are also on the rise in Kansas City, with the median rent price currently sitting at $1,395/month.

Interestingly enough, these rising prices are not deterring people from buying or renting homes in Kansas City. In fact, demand for both rental and purchase properties remains high throughout the MSA. This is likely due to a combination of factors such as strong job growth (the unemployment rate in Kansas City was just 3% as of December 2018), a growing population (the MSA's population has increased by 1.7% since 2010), and low interest rates (mortgage rates are currently around 4%).

With all of this said, it's safe to say that the housing market in Kansas City is healthy and showing no signs of slowing down anytime soon. If you're thinking about buying or renting a property in this vibrant metropolitan area, now would be a great time to do so!

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