Home Values in Overland Park, Kansas — 2026 Market Report
Updated March 2026 | Seller's Market | +4.6% YoY
The median home value in Overland Park, Kansas is $365,000 as of March 2026, which is near the national median of $400,000. Home values in Overland Park have increased by 4.6% over the past year and 25.2% over the last five years. With a population of 197,238 and a median household income of $85,250, the price-to-income ratio stands at 4.3x, making Overland Park affordable for the average household.
Overland Park Housing Market Conditions
| Metric | Overland Park | National Avg |
|---|---|---|
| Median Home Value | $365,000 | $400,000 |
| YoY Appreciation | +4.6% | +3.8% |
| 5-Year Appreciation | +25.2% | +22.4% |
| Price per Sq Ft | $110 | $222 |
| Days on Market | 54 days | 45 days |
| Months of Supply | 2.3 | 3.5 |
| List-to-Sale Ratio | 99.1% | 98.5% |
| Monthly Homes Sold | 149 | — |
| Foreclosure Rate | 0.24% | 0.3% |
Home Value Trends in Overland Park
A homeowner who purchased at the median price of $291,534 five years ago in Overland Park would have gained approximately $73,466 in equity, representing a 25.2% return on investment. Over the past year alone, the typical homeowner gained $16,052 in home equity.
Affordability in Overland Park, KS
With a median household income of $85,250 and a median home price of $365,000, the price-to-income ratio in Overland Park is 4.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,782 compared to estimated monthly ownership costs of $2,163 gives a rent-vs-buy ratio of 0.78. In Overland Park, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Overland Park
The effective property tax rate in Kansas is 1.41%. On a home valued at $365,000, the estimated annual property tax bill is $5,146, or approximately $429/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Overland Park is 97.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Overland Park, KS?
The median home value in Overland Park, Kansas is $365,000 as of March 2026. Home values have changed +4.6% over the past year, with a 5-year appreciation of 25.2%.
Is Overland Park a buyer's or seller's market?
Overland Park is currently a seller's market with 2.3 months of housing supply. Homes spend an average of 54 days on market, and the list-to-sale price ratio is 99.1%. Low inventory gives sellers an advantage.
Are home values going up in Overland Park?
Yes, home values in Overland Park have increased by 4.6% over the past year. The 5-year appreciation rate is 25.2%, meaning a home worth $291,534 five years ago is now worth $365,000.
Is it better to rent or buy in Overland Park?
The average monthly rent in Overland Park is $2,782, while estimated monthly homeownership costs are approximately $2,163. The price-to-rent ratio is 10.9. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Overland Park, Kansas 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.