Lees Summit, MO—64064
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 $427,000, with a year-over-year change of 2.4%. 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 | $427,000 | 2.4% |
| Single Family | $452,000 | 2.5% |
| Condos | $206,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 2.3% |
3 Bed | $356,000 | 2.6% |
4 Bed | $498,000 | 2.5% |
| 5 Bed | $616,000 | 2.5% |
% of Housing Stock
Rental Trends — Lees Summit, MO
As of July '25, Rentcast reports the average rent in Lees Summit, MO is $2,280, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Lees Summit, MO is 2-bedrooms: $1,420, 3-bedrooms: $1,930, 4-bedrooms: $2,750. The most common rental property sizes in Lees Summit, MO are 3-bedroom and 2-bedroom, accounting for 38.6% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,420 |
| 3 Bed Rent | $1,740 | $1,930 |
| 4 Bed Rent | $2,700 | $2,750 |
% 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 41. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | 4.0% |
Listing Count | 147 | 17.0% |
| Listings as % of Homes | 1.4% | 17.0% |
Days on Market | 41 | -12.0% |
Demographics — Lees Summit, MO
As of the latest ACS Survey released in 2023, Lees Summit, MO has a population of 20,000, which has increased by 12.2% over the past 5 years. Lees Summit, MO is a popular place for families, as children make up 27.3% of the population. The area has a highly educated workforce, with 52.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 12.2% |
% Under 18 | 27.3% | 5.8% |
% Seniors | 18.8% | 11.9% |
% WFH | 20.0% | 159.7% |
% w/ College Degree | 52.9% | -3.6% |
As of the latest ACS Survey released in 2023, Lees Summit, MO is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Lees Summit, MO is black, making up 10.1% of the population. Foreign-born residents account for 3.5% of the population in Lees Summit, MO, and this percentage has increased by 45.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.6% | -5.9% |
% Black | 10.1% | 23.2% |
% Hispanic | 3.9% | 11.4% |
% Asian | 2.4% | 140.0% |
% Foreign Born | 3.5% | 45.8% |
Mortgage and Risk — Lees Summit, MO
According to HUD data as of 2023, there were 467 mortgage originations in Lees Summit, MO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Lees Summit, MO. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 467 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lees Summit, MO
Lees Summit, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,330 |
| 2 Bedroom | $110 | $1,400 | $1,510 |
| 3 Bedroom | $230 | $1,740 | $1,970 |
| 4 Bedroom | -$370 | $2,700 | $2,330 |
Affordability — Lees Summit, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $427,000 |
| Median Household Income | $120,000 |