Kansas City, MO
Jackson County · Pop. 508,394
Ranked #50 of 243 cities
52Moderate
Median Home Price
🏠$240K
3.8% YoY
Median Rent
🔑$1,200
2.5% YoY
Median Income
💰$55K
Rent Burden
📊29.5%
% of income to rent
Income to Buy
🏦$69K
annual income needed
Income to Rent
📝$48K
annual income needed
Price-to-Income
⚖️4.4x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$1,277/mo
Est. mortgage (7%, 20% down)
Need $69K/yr income
Rent
$1,200/mo
Median rent
Need $48K/yr income
How Kansas City Compares
| Metric | Kansas City | Missouri | National |
|---|---|---|---|
| Home Price | $240K | $234K | $410K |
| Rent | $1,200 | $1,019 | $1,500 |
| Income | $55K | $69K | $75K |
| Rent Burden | 29.5% | 28.5% | 30.0% |
Key Takeaways
- • Home prices in Kansas City are 41% lower than the national average.
- • Rent is 20% lower than the national average.
- • You need an income of $69K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.