Overland Park, KS—66221
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 $782,000, with a year-over-year change of 1.4%. 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 | $782,000 | 1.4% |
| Single Family | $782,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $585,000 | 3.2% |
4 Bed | $723,000 | 2.1% |
| 5 Bed | $909,000 | 1.5% |
% of Housing Stock
Rental Trends — Overland Park, KS
As of July '25, Rentcast reports the average rent in Overland Park, KS is $2,960, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in Overland Park, KS is studios: $1,580, 1-bedrooms: $1,440, 4-bedrooms: $3,530. The most common rental property sizes in Overland Park, KS are 2-bedroom and 1-bedroom, accounting for 36.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $2,960 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,430 | $1,440 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,500 | $3,530 |
% 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 55. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $901,000 | 5.0% |
Listing Count | 207 | 13.0% |
| Listings as % of Homes | 2.0% | 13.0% |
Days on Market | 55 | 1.0% |
Demographics — Overland Park, KS
As of the latest ACS Survey released in 2023, Overland Park, KS has a population of 24,800, which has increased by 42.3% over the past 5 years. Overland Park, KS is a popular place for families, as children make up 31.4% of the population. The area has a highly educated workforce, with 75.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,800 | 42.3% |
% Under 18 | 31.4% | 0.0% |
% Seniors | 10.1% | 27.8% |
% WFH | 32.7% | 298.8% |
% w/ College Degree | 75.8% | 0.4% |
As of the latest ACS Survey released in 2023, Overland Park, KS is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Overland Park, KS is asian, making up 9.8% of the population. Foreign-born residents account for 8.3% of the population in Overland Park, KS, and this percentage has decreased by 22.4% 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 | 79.7% | -1.4% |
% Black | 2.6% | 44.4% |
% Hispanic | 2.9% | -14.7% |
% Asian | 9.8% | -15.5% |
% Foreign Born | 8.3% | -22.4% |
Mortgage and Risk — Overland Park, KS
According to HUD data as of 2023, there were 297 mortgage originations in Overland Park, KS, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Overland Park, KS. Investor activity is low, as 1.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 297 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Overland Park, KS
Overland Park, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,430 | $1,570 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | N/A | N/A | $2,340 |
| 4 Bedroom | -$740 | $3,500 | $2,760 |
Affordability — Overland Park, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $782,000 |
| Median Household Income | $198,000 |