Olathe, KS—66061
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Olathe, KS
Home Price Trends — Olathe, KS
As of Oct '25, the median home price in Olathe, KS is $416,000, with a year-over-year change of 2.2%. This indicates that home prices in Olathe, KS 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 | $416,000 | 2.2% |
| Single Family | $418,000 | 2.5% |
| Condos | $226,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 2.8% |
3 Bed | $321,000 | 2.6% |
4 Bed | $489,000 | 2.5% |
| 5 Bed | $640,000 | 1.7% |
% of Housing Stock
Rental Trends — Olathe, KS
As of July '25, Rentcast reports the average rent in Olathe, KS is $2,040, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Olathe, KS is 1-bedrooms: $1,190, 2-bedrooms: $1,260, 3-bedrooms: $2,100, 4-bedrooms: $2,740. The most common rental property sizes in Olathe, KS are 2-bedroom and 3-bedroom, accounting for 42.1% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,190 |
| 2 Bed Rent | $1,100 | $1,260 |
| 3 Bed Rent | $2,140 | $2,100 |
| 4 Bed Rent | $2,560 | $2,740 |
% of Rental Stock
Property Listings — Olathe, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Olathe, KS is 47. This is a decrease of -20.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $626,000 | 2.0% |
Listing Count | 370 | 5.0% |
| Listings as % of Homes | 1.2% | 5.0% |
Days on Market | 47 | -20.0% |
Demographics — Olathe, KS
As of the latest ACS Survey released in 2023, Olathe, KS has a population of 67,500, which has increased by 5.7% over the past 5 years. Olathe, KS is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 67,500 | 5.7% |
% Under 18 | 27.3% | -7.1% |
% Seniors | 13.7% | 30.5% |
% WFH | 17.6% | 203.4% |
% w/ College Degree | 44.8% | 3.2% |
As of the latest ACS Survey released in 2023, Olathe, KS is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Olathe, KS is hispanic, making up 15.7% of the population. Foreign-born residents account for 10.6% of the population in Olathe, KS, and this percentage has decreased by 13.1% 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 | 71.4% | -0.7% |
% Black | 5.0% | -27.5% |
% Hispanic | 15.7% | 2.6% |
% Asian | 3.0% | 3.4% |
% Foreign Born | 10.6% | -13.1% |
Mortgage and Risk — Olathe, KS
According to HUD data as of 2023, there were 1369 mortgage originations in Olathe, KS, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Olathe, KS. Investor activity is low, as 1.0% 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 | 1,369 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Olathe, KS
As of 2024, the percent of homes in Olathe, KS under the Section 8 program is 5.7%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Olathe, KS, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 549 |
Total Units Section 8 | 327 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 82.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,080 | $1,070 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | -$550 | $2,140 | $1,590 |
| 4 Bedroom | -$680 | $2,560 | $1,880 |
Affordability — Olathe, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $416,000 |
| Median Household Income | $109,000 |