Prairie Village, KS—66208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prairie Village, KS
As of Oct '25, the median home price in Prairie Village, KS is $464,000, with a year-over-year change of 4.4%. This indicates that home prices in Prairie Village, 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 | $464,000 | 4.4% |
| Single Family | $465,000 | 5.0% |
| Condos | $210,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $322,000 | 5.9% |
3 Bed | $402,000 | 4.7% |
4 Bed | $645,000 | 4.9% |
| 5 Bed | $1,374,000 | 6.3% |
% of Housing Stock
Rental Trends — Prairie Village, KS
As of July '25, Rentcast reports the average rent in Prairie Village, KS is $2,240, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Prairie Village, KS is 1-bedrooms: $1,310, 2-bedrooms: $2,220, 3-bedrooms: $2,200, 4-bedrooms: $2,850. The most common rental property sizes in Prairie Village, KS are 3-bedroom and 2-bedroom, accounting for 44.0% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,310 |
| 2 Bed Rent | $2,000 | $2,220 |
| 3 Bed Rent | $2,100 | $2,200 |
| 4 Bed Rent | $2,800 | $2,850 |
% of Rental Stock
Property Listings — Prairie Village, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Prairie Village, KS is 39. This is a decrease of -30.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $646,000 | -30.0% |
Listing Count | 123 | 27.0% |
| Listings as % of Homes | 0.7% | 27.0% |
Days on Market | 39 | -30.0% |
Demographics — Prairie Village, KS
As of the latest ACS Survey released in 2023, Prairie Village, KS has a population of 21,800, which has increased by 2.2% over the past 5 years. Prairie Village, KS is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 75.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 2.2% |
% Under 18 | 23.3% | 0.0% |
% Seniors | 20.4% | 11.5% |
% WFH | 23.4% | 220.5% |
% w/ College Degree | 75.6% | 1.9% |
As of the latest ACS Survey released in 2023, Prairie Village, KS is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Prairie Village, KS is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.0% of the population in Prairie Village, KS, and this percentage has increased by 15.4% 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 | 89.6% | -5.1% |
% Black | 1.1% | 120.0% |
% Hispanic | 4.0% | 81.8% |
% Asian | 2.0% | 17.6% |
% Foreign Born | 3.0% | 15.4% |
Mortgage and Risk — Prairie Village, KS
According to HUD data as of 2023, there were 576 mortgage originations in Prairie Village, KS, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Prairie Village, KS. Investor activity is low, as 3.0% 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 | 576 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Prairie Village, KS
As of 2024, the percent of homes in Prairie Village, KS under the Section 8 program is 0.2%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Prairie Village, KS, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,220 | $1,710 |
| 2 Bedroom | -$60 | $2,000 | $1,940 |
| 3 Bedroom | $430 | $2,100 | $2,530 |
| 4 Bedroom | $190 | $2,800 | $2,990 |
Affordability — Prairie Village, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $464,000 |
| Median Household Income | $120,000 |