A steady increase in population and affluence in Overland Park over the past 40 years has resulted in some of the most desirable housing in the Kansas City metro area. The city has a relatively new housing stock. The median year a housing unit was built in Overland Park was 1986, compared to a median year of 1978 in greater Kansas City.
Through careful planning and development, Overland Park has all the criteria homebuyers seek: homes that retain their appeal and value, one of the nation’s lowest crime rates, schools that rank among the best in the nation, the convenience of nearby shopping, and accessibility to well-maintained highways and interstates.
In Overland Park, homebuyers realize both high quality and affordability. The average appraised value of an Overland Park home is $223,800 and the average sales price is $271,511. Overland Park, as a whole, benefits from a high level of owner occupancy as the citywide single-family home ownership rate was 64% in December 2014.
The city’s older neighborhoods are generally north of 95th Street, where well-maintained and picturesque homes date to the post-World War II migration of families from Kansas City’s inner neighborhoods to the suburbs. These older neighborhoods offer first-time homebuyers excellent choices with prices starting around $140,000. To help maintain these historic neighborhoods, the City of Overland Park offers programs to assist homeowners with property maintenance.
Residential development has burgeoned south of Interstate 435, expanding the city limits as far south as 203rd Street. Real estate in southern Overland Park is ideal for those who want to invest in a larger, feature-packed home and are relocating from a more expensive market.
Newer options in the local housing market have been mixed-use developments where townhomes, condos, lofts and apartments share a village-like setting with retail and office space and entertainment venues, giving residents an urban lifestyle where they can walk to shops, dining, entertainment and everyday services. Four such developments are in the works near downtown Overland Park.
| Number of Housing Units: 76,990 (2012)
|| Average Household Size: 2.39 (2012)
- Vacancy Rate: 3.4%
- Average size of a new single-family home: 5,960 square feet
- Average cost of a new single-family home: $297,400
- Mean appraised value of a single-family residence (Johnson County): $249,000
- Mean selling price of a single-family residence (Johnson County): $280,000
- Median value of owner-occupied housing (2008-2012): $224,300
- Median rent: $941
Source: City of Overland Park, American Community Survey, Johnson County, County Economic Research Institute (CERI)