Lees Summit, MO—64082
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 $451,000, with a year-over-year change of 2.8%. This indicates that home prices in Lees Summit, MO are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $451,000 | 2.8% |
| Single Family | $451,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $317,000 | 2.6% |
3 Bed | $376,000 | 3.9% |
4 Bed | $477,000 | 2.1% |
| 5 Bed | $563,000 | 0.5% |
% of Housing Stock
Rental Trends — Lees Summit, MO
As of July '25, Rentcast reports the average rent in Lees Summit, MO is $2,190, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Lees Summit, MO is 2-bedrooms: $1,500, 3-bedrooms: $1,740, 4-bedrooms: $2,760. The most common rental property sizes in Lees Summit, MO are 3-bedroom and 2-bedroom, accounting for 33.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,480 | $1,500 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | $2,750 | $2,760 |
% 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 71. This is a increase of 13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $556,000 | 0.0% |
Listing Count | 163 | -27.0% |
| Listings as % of Homes | 3.6% | -27.0% |
Days on Market | 71 | 13.0% |
Demographics — Lees Summit, MO
As of the latest ACS Survey released in 2023, Lees Summit, MO has a population of 19,700, which has increased by 21.0% over the past 5 years. Lees Summit, MO is a popular place for families, as children make up 29.7% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,700 | 21.0% |
% Under 18 | 29.7% | -1.0% |
% Seniors | 12.8% | 6.7% |
% WFH | 26.3% | 246.1% |
% w/ College Degree | 55.5% | 3.0% |
As of the latest ACS Survey released in 2023, Lees Summit, MO is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Lees Summit, MO is black, making up 11.6% of the population. Foreign-born residents account for 3.9% of the population in Lees Summit, MO, and this percentage has decreased by 4.9% 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 | 77.2% | -4.8% |
% Black | 11.6% | 46.8% |
% Hispanic | 4.8% | 2.1% |
% Asian | 2.2% | -15.4% |
% Foreign Born | 3.9% | -4.9% |
Mortgage and Risk — Lees Summit, MO
According to HUD data as of 2023, there were 670 mortgage originations in Lees Summit, MO, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% 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 | 670 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% 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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,760 |
| 2 Bedroom | $520 | $1,480 | $2,000 |
| 3 Bedroom | $910 | $1,700 | $2,610 |
| 4 Bedroom | $340 | $2,750 | $3,090 |
Affordability — Lees Summit, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $451,000 |
| Median Household Income | $132,000 |