Overland Park, KS—66204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Overland Park, KS
As of Oct '25, the median home price in Overland Park, KS is $295,000, with a year-over-year change of 1.9%. This indicates that home prices in Overland Park, KS are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 1.9% |
| Single Family | $296,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 3.2% |
3 Bed | $300,000 | 2.0% |
4 Bed | $363,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Overland Park, KS
As of July '25, Rentcast reports the average rent in Overland Park, KS is $1,710, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Overland Park, KS is studios: $975, 1-bedrooms: $1,140, 2-bedrooms: $1,550, 3-bedrooms: $1,970, 4-bedrooms: $2,800. The most common rental property sizes in Overland Park, KS are 1-bedroom and 2-bedroom, accounting for 35.8% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,710 | $1,710 |
| Studio Rent | $975 | $975 |
| 1 Bed Rent | $1,020 | $1,140 |
| 2 Bed Rent | $1,350 | $1,550 |
| 3 Bed Rent | $1,880 | $1,970 |
| 4 Bed Rent | $2,750 | $2,800 |
% of Rental Stock
Property Listings — Overland Park, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Overland Park, KS is 43. This is a increase of 33.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 10.0% |
Listing Count | 46 | 56.0% |
| Listings as % of Homes | 0.2% | 56.0% |
Days on Market | 43 | 33.0% |
Demographics — Overland Park, KS
As of the latest ACS Survey released in 2023, Overland Park, KS has a population of 18,600, which has decreased by -5.7% over the past 5 years. Overland Park, KS is a moderately popular place for families, as children make up 15.4% of the population. The area has a highly educated workforce, with 46.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | -5.7% |
% Under 18 | 15.4% | -17.6% |
% Seniors | 16.6% | 20.3% |
% WFH | 14.4% | 500.0% |
% w/ College Degree | 46.2% | 13.5% |
As of the latest ACS Survey released in 2023, Overland Park, KS is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Overland Park, KS is hispanic, making up 16.8% of the population. Foreign-born residents account for 9.0% of the population in Overland Park, KS, and this percentage has decreased by 18.9% 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 | 71.4% | -3.1% |
% Black | 7.8% | 21.9% |
% Hispanic | 16.8% | 16.7% |
% Asian | 1.1% | -65.6% |
% Foreign Born | 9.0% | -18.9% |
Mortgage and Risk — Overland Park, KS
According to HUD data as of 2023, there were 321 mortgage originations in Overland Park, KS, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Overland Park, KS. Investor activity is low, as 5.0% 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 | 321 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Overland Park, KS
As of 2024, the percent of homes in Overland Park, KS under the Section 8 program is 6.7%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Overland Park, KS, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 298 |
Total Units Section 8 | 297 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,020 | $1,260 |
| 2 Bedroom | $80 | $1,350 | $1,430 |
| 3 Bedroom | -$10 | $1,880 | $1,870 |
| 4 Bedroom | -$540 | $2,750 | $2,210 |
Affordability — Overland Park, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $295,000 |
| Median Household Income | $75,200 |