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Home Values Drop Slightly in Kansas City

Homeowners who were looking for news of strengthening home values and a less-underwater mortgage situation might be a little bummed to hear that the home values in Kansas City have actually dropped slightly. According to real estate data site Zillow, the average value of a home in KC Metro sits at $138,900. That dropped within a year by 3.6 percent, but there is hope on the horizon as Zillow predicts home values will rise 1.1 percent within the next year. While it isn’t a whole lot, it is better than value depreciation and it will hopefully mark the beginning of a strengthening real estate trend in the Kansas City metro area, as well as throughout Missouri.

While it is less than thrilling at the moment for sellers and homeowners, this is great news for prospective buyers who are interested in moving to Kansas City or simply moving from their existing local residence. In fact, if you are in the market to buy a house in the metro you’ll actually pay $159,900 on average. Renters can also find a sweet deal on housing, and the average price of a rental in the Kansas City metro is $875. While that is less than national metros, it’s actually the highest rental average in the state of Missouri.

If you are relocating to Kansas City, be sure to contact your neighborhood movers at All My Sons for white glove moving service.

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