Paola, KS—66071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paola, KS
As of Oct '25, the median home price in Paola, KS is $358,000, with a year-over-year change of 4.4%. This indicates that home prices in Paola, KS are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | 4.4% |
| Single Family | $359,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 3.9% |
3 Bed | $348,000 | 4.5% |
4 Bed | $451,000 | 4.9% |
| 5 Bed | $595,000 | 4.9% |
% of Housing Stock
Rental Trends — Paola, KS
As of July '25, Rentcast reports the average rent in Paola, KS is $948, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Paola, KS is 2-bedrooms: $1,150, 3-bedrooms: $550. The most common rental property sizes in Paola, KS are 2-bedroom and 3-bedroom, accounting for 35.3% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $948 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $550 | $550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Paola, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Paola, KS is 55. This is a increase of 15.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $343,000 | -5.0% |
Listing Count | 70 | 27.0% |
| Listings as % of Homes | 0.7% | 27.0% |
Days on Market | 55 | 15.0% |
Demographics — Paola, KS
As of the latest ACS Survey released in 2023, Paola, KS has a population of 12,400, which has remained stable by -0.8% over the past 5 years. Paola, KS is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 30.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -0.8% |
% Under 18 | 20.7% | -10.0% |
% Seniors | 20.9% | 2.5% |
% WFH | 11.3% | 46.8% |
% w/ College Degree | 30.5% | 24.0% |
As of the latest ACS Survey released in 2023, Paola, KS is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Paola, KS is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.9% of the population in Paola, KS, and this percentage has increased by 28.6% 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 | 93.8% | -0.3% |
% Black | 1.0% | -33.3% |
% Hispanic | 1.9% | 58.3% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 0.9% | 28.6% |
Mortgage and Risk — Paola, KS
According to HUD data as of 2023, there were 270 mortgage originations in Paola, KS, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Paola, KS. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 270 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Paola, KS
Paola, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 235 |
Total Units Section 8 | 145 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | $50 | $1,100 | $1,150 |
| 3 Bedroom | $950 | $550 | $1,500 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Paola, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $358,000 |
| Median Household Income | $82,000 |