Lees Summit, MO—64086
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 $367,000, with a year-over-year change of 1.7%. 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 | $367,000 | 1.7% |
| Single Family | $368,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $353,000 | 0.3% |
2 Bed | $326,000 | 0.9% |
3 Bed | $321,000 | 2.6% |
4 Bed | $478,000 | 1.5% |
| 5 Bed | $683,000 | 1.9% |
% of Housing Stock
Rental Trends — Lees Summit, MO
As of July '25, Rentcast reports the average rent in Lees Summit, MO is $2,020, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Lees Summit, MO is studios: $1,410, 1-bedrooms: $1,050, 2-bedrooms: $1,260, 3-bedrooms: $2,040, 4-bedrooms: $2,790. The most common rental property sizes in Lees Summit, MO are 2-bedroom and 1-bedroom, accounting for 34.9% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,020 |
| Studio Rent | $1,410 | $1,410 |
| 1 Bed Rent | $972 | $1,050 |
| 2 Bed Rent | $1,180 | $1,260 |
| 3 Bed Rent | $2,120 | $2,040 |
| 4 Bed Rent | $2,650 | $2,790 |
% 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 38. This is a decrease of -13.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | 2.0% |
Listing Count | 148 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 38 | -13.0% |
Demographics — Lees Summit, MO
As of the latest ACS Survey released in 2023, Lees Summit, MO has a population of 23,500, which has increased by 1.3% over the past 5 years. Lees Summit, MO is a moderately popular place for families, as children make up 23.0% of the population. The area has a highly educated workforce, with 48.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 1.3% |
% Under 18 | 23.0% | -17.3% |
% Seniors | 15.0% | 31.6% |
% WFH | 18.3% | 169.1% |
% w/ College Degree | 48.7% | 6.1% |
As of the latest ACS Survey released in 2023, Lees Summit, MO is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Lees Summit, MO is hispanic, making up 6.1% of the population. Foreign-born residents account for 4.9% of the population in Lees Summit, MO, and this percentage has increased by 6.5% 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 | 81.3% | -1.9% |
% Black | 5.3% | -30.3% |
% Hispanic | 6.1% | 60.5% |
% Asian | 1.9% | 0.0% |
% Foreign Born | 4.9% | 6.5% |
Mortgage and Risk — Lees Summit, MO
According to HUD data as of 2023, there were 500 mortgage originations in Lees Summit, MO, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lees Summit, MO. Investor activity is low, as 3.0% 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 | 500 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% 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 1.8%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $258 | $972 | $1,230 |
| 2 Bedroom | $220 | $1,180 | $1,400 |
| 3 Bedroom | -$290 | $2,120 | $1,830 |
| 4 Bedroom | -$490 | $2,650 | $2,160 |
Affordability — Lees Summit, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $367,000 |
| Median Household Income | $107,000 |