Lees Summit, MO—64063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lees Summit, MO
As of Oct '25, the median home price in Lees Summit, MO is $289,000, with a year-over-year change of 2.5%. This indicates that home prices in Lees Summit, MO are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 2.5% |
| Single Family | $290,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 3.4% |
3 Bed | $281,000 | 2.9% |
4 Bed | $395,000 | 1.8% |
| 5 Bed | $484,000 | 0.4% |
% of Housing Stock
Rental Trends — Lees Summit, MO
As of July '25, Rentcast reports the average rent in Lees Summit, MO is $1,630, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Lees Summit, MO is 1-bedrooms: $951, 2-bedrooms: $1,260, 3-bedrooms: $2,170, 4-bedrooms: $2,040. The most common rental property sizes in Lees Summit, MO are 2-bedroom and 3-bedroom, accounting for 36.3% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $951 |
| 2 Bed Rent | $1,250 | $1,260 |
| 3 Bed Rent | $2,000 | $2,170 |
| 4 Bed Rent | $2,000 | $2,040 |
% of Rental Stock
Property Listings — Lees Summit, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Lees Summit, MO is 28. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 6.0% |
Listing Count | 67 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 28 | 17.0% |
Demographics — Lees Summit, MO
As of the latest ACS Survey released in 2023, Lees Summit, MO has a population of 21,400, which has increased by 3.6% over the past 5 years. Lees Summit, MO is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,400 | 3.6% |
% Under 18 | 25.0% | -5.3% |
% Seniors | 11.6% | -13.4% |
% WFH | 12.1% | 65.8% |
% w/ College Degree | 34.4% | 0.6% |
As of the latest ACS Survey released in 2023, Lees Summit, MO is a predominantly white area, with 76.6% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Lees Summit, MO is black, making up 9.5% of the population. Foreign-born residents account for 3.8% of the population in Lees Summit, MO, and this percentage has decreased by 7.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.6% | -6.9% |
% Black | 9.5% | 72.7% |
% Hispanic | 6.9% | 13.1% |
% Asian | 0.9% | -52.6% |
% Foreign Born | 3.8% | -7.3% |
Mortgage and Risk — Lees Summit, MO
According to HUD data as of 2023, there were 421 mortgage originations in Lees Summit, MO, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Lees Summit, MO. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 421 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lees Summit, MO
As of 2024, the percent of homes in Lees Summit, MO under the Section 8 program is 8.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lees Summit, MO, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 317 |
Total Units Section 8 | 275 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 94.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $255 | $895 | $1,150 |
| 2 Bedroom | $60 | $1,250 | $1,310 |
| 3 Bedroom | -$290 | $2,000 | $1,710 |
| 4 Bedroom | $20 | $2,000 | $2,020 |
Affordability — Lees Summit, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $289,000 |
| Median Household Income | $78,000 |