Home Values in Kansas City, Missouri — 2026 Market Report
Updated March 2026 | Balanced Market | +4.6% YoY
The median home value in Kansas City, Missouri is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Kansas City have increased by 4.6% over the past year and 25.2% over the last five years. With a population of 508,090 and a median household income of $55,190, the price-to-income ratio stands at 3.9x, making Kansas City affordable for the average household.
Kansas City Housing Market Conditions
| Metric | Kansas City | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +4.6% | +3.8% |
| 5-Year Appreciation | +25.2% | +22.4% |
| Price per Sq Ft | $75 | $222 |
| Days on Market | 53 days | 45 days |
| Months of Supply | 4.4 | 3.5 |
| List-to-Sale Ratio | 98.8% | 98.5% |
| Monthly Homes Sold | 211 | — |
| Foreclosure Rate | 0.61% | 0.3% |
Home Value Trends in Kansas City
A homeowner who purchased at the median price of $171,725 five years ago in Kansas City would have gained approximately $43,275 in equity, representing a 25.2% return on investment. Over the past year alone, the typical homeowner gained $9,455 in home equity.
Affordability in Kansas City, MO
With a median household income of $55,190 and a median home price of $215,000, the price-to-income ratio in Kansas City is 3.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,637 compared to estimated monthly ownership costs of $1,196 gives a rent-vs-buy ratio of 0.73. In Kansas City, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Kansas City
The effective property tax rate in Missouri is 0.97%. On a home valued at $215,000, the estimated annual property tax bill is $2,086, or approximately $174/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Kansas City is 89.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Kansas City, MO?
The median home value in Kansas City, Missouri is $215,000 as of March 2026. Home values have changed +4.6% over the past year, with a 5-year appreciation of 25.2%.
Is Kansas City a buyer's or seller's market?
Kansas City is currently a balanced market with 4.4 months of housing supply. Homes spend an average of 53 days on market, and the list-to-sale price ratio is 98.8%. Supply and demand are relatively balanced.
Are home values going up in Kansas City?
Yes, home values in Kansas City have increased by 4.6% over the past year. The 5-year appreciation rate is 25.2%, meaning a home worth $171,725 five years ago is now worth $215,000.
Is it better to rent or buy in Kansas City?
The average monthly rent in Kansas City is $1,637, while estimated monthly homeownership costs are approximately $1,196. The price-to-rent ratio is 10.9. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Missouri Cities
Related Resources
Disclaimer: Home value data for Kansas City, Missouri is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.