Lee's Summit, MO
Jackson County · Pop. 101,076
Ranked #62 of 243 cities
52Moderate
Median Home Price
🏠$300K
3.5% YoY
Median Rent
🔑$1,350
2.5% YoY
Median Income
💰$75K
Rent Burden
📊25.5%
% of income to rent
Income to Buy
🏦$86K
annual income needed
Income to Rent
📝$54K
annual income needed
Price-to-Income
⚖️4.0x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$1,597/mo
Est. mortgage (7%, 20% down)
Need $86K/yr income
Rent
$1,350/mo
Median rent
Need $54K/yr income
How Lee's Summit Compares
| Metric | Lee's Summit | Missouri | National |
|---|---|---|---|
| Home Price | $300K | $234K | $410K |
| Rent | $1,350 | $1,019 | $1,500 |
| Income | $75K | $69K | $75K |
| Rent Burden | 25.5% | 28.5% | 30.0% |
Key Takeaways
- • Home prices in Lee's Summit are 27% lower than the national average.
- • Rent is 10% lower than the national average.
- • You need an income of $86K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.