Kansas City Market

Kansas City is the sixth largest city in the Midwest and spans both sides of the Missouri and Kansas state line. It is known for its sports, art, culture, jazz music, and world famous BBQ. The economy is diverse, and the government is business friendly, two of the many things that help keep the real estate market in Kansas City one of the most affordable in the nation. It is one of the hottest real estate markets for affordable rental real estate investments.

2.34M

METRO POPULATION

$56K

AVG. Household Income

$329,821

AVG. HOME PRICE

$1,203

AVG. MONTHLY RENT

2.6%

UNEMPLOYMENT

45%

RENTER POPULATION

Source: Kansas City Regional Association of Realtors, March 2023

Economic Growth and Development

Kansas City is known as “The City of Fountains” with over 200 throughout the metro area. Since 2000, the city has invested over $6 billion to redevelop the downtown area with new condominiums, apartments, offices, restaurants, shopping areas, and entertainment venues. In 2015, the regional Kansas City business community came together to launch KC Rising, creating a long-term vision to accelerate the region’s economic growth.