Kansas Real Estate Market – Overview and Cons
♫ Thursday, May 3rd, 2012The state of Kansas fits well into the “Midwestern” label. Life is just more simple and slowed down in this area, which can be refreshing for those that live in more fast-paced environments. It is highly agricultural, with plentiful farm land and scenic hiking trails. In addition, the state is known for it’s famous football, baseball and basketball programs that often produce national champions.
One of the major appeals of Kansas real estate is the low cost of ownership. Outside of Overland Park, housing is affordable (single family homes under $200,000) and there’s plenty of it available. In many cites, houses can average $140,000-185,000, which are some of the most affordable prices in the country.
Within the state, there are several major cities with their own distinct economies, cultures, and of course, housing prices.
In Overland Park, you’ll find the most expensive housing in the entire state, with prices averaging over $250,000. This city is close to Kansas City, MO and derives most of it’s jobs from this area.
There is actually a Kansas City in both Kansas and Missouri, with the Missouri version being much larger. In total, these two cities are called home by over 500,000 residents.
Topeka, Kansas is the capital of the state and enjoys a fairly strong housing market due to the large government influence on jobs (employing over 9,000).
Finally in Wichita, you’ll find the most populated city within the state of Kansas. In this large city, there is a great nightlife, economy boosted by tourism and more, and housing is fairly affordable with many single family homes averaging under $200,000.
With its Midwestern charm and down-to-earth appeal, it’s easy to see why Kansas is one of the best places to live. And the housing, as we have seen, is some of the most affordable in the country, it’s no wonder that so many people move to “The Sunflower State” every year.
