Overland Park, KS
Johnson County ยท Pop. 197,238
Ranked #81 of 243 cities
48Moderate
Median Home Price
๐$380K
3.0% YoY
Median Rent
๐$1,500
2.0% YoY
Median Income
๐ฐ$85K
Rent Burden
๐25.5%
% of income to rent
Income to Buy
๐ฆ$109K
annual income needed
Income to Rent
๐$60K
annual income needed
Price-to-Income
โ๏ธ4.5x
Homeownership
๐ก68.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Overland Park Compares
| Metric | Overland Park | Kansas | National |
|---|---|---|---|
| Home Price | $380K | $220K | $410K |
| Rent | $1,500 | $1,036 | $1,500 |
| Income | $85K | $70K | $75K |
| Rent Burden | 25.5% | 27.0% | 30.0% |
Key Takeaways
- โข Home prices in Overland Park are 7% lower than the national average.
- โข Rent is about average than the national average.
- โข You need an income of $109K to comfortably buy a home here.
- โข The homeownership rate is 68.0%, compared to 65.0% nationally.