Overland Park, KS—66223
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 $487,000, with a year-over-year change of 1.3%. This indicates that home prices in Overland Park, KS are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $487,000 | 1.3% |
| Single Family | $488,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $360,000 | 1.1% |
3 Bed | $400,000 | 2.6% |
4 Bed | $511,000 | 1.8% |
| 5 Bed | $746,000 | 1.2% |
% of Housing Stock
Rental Trends — Overland Park, KS
As of July '25, Rentcast reports the average rent in Overland Park, KS is $2,600, with a year-over-year rent change of -6.1%. Per bedroom, the median rent as of July '25 in Overland Park, KS is 1-bedrooms: $1,310, 2-bedrooms: $1,970, 3-bedrooms: $2,680, 4-bedrooms: $2,860. The most common rental property sizes in Overland Park, KS are 2-bedroom and 1-bedroom, accounting for 36.6% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,310 | $1,310 |
| 2 Bed Rent | $2,200 | $1,970 |
| 3 Bed Rent | $2,450 | $2,680 |
| 4 Bed Rent | $2,800 | $2,860 |
% 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 37. This is a decrease of -27.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $566,000 | 11.0% |
Listing Count | 56 | -20.0% |
| Listings as % of Homes | 0.3% | -20.0% |
Days on Market | 37 | -27.0% |
Demographics — Overland Park, KS
As of the latest ACS Survey released in 2023, Overland Park, KS has a population of 25,000, which has decreased by -1.6% over the past 5 years. Overland Park, KS is a moderately popular place for families, as children make up 23.8% of the population. The area has a highly educated workforce, with 66.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,000 | -1.6% |
% Under 18 | 23.8% | -12.5% |
% Seniors | 15.2% | 53.5% |
% WFH | 26.6% | 216.7% |
% w/ College Degree | 66.7% | -5.1% |
As of the latest ACS Survey released in 2023, Overland Park, KS is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Overland Park, KS is asian, making up 22.8% of the population. Foreign-born residents account for 20.0% of the population in Overland Park, KS, and this percentage has increased by 6.4% 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 | 65.8% | -6.4% |
% Black | 4.2% | 0.0% |
% Hispanic | 3.3% | -29.8% |
% Asian | 22.8% | 22.6% |
% Foreign Born | 20.0% | 6.4% |
Mortgage and Risk — Overland Park, KS
According to HUD data as of 2023, there were 407 mortgage originations in Overland Park, KS, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Overland Park, KS. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 407 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
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 0.4%. 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 4-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 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,310 | $1,600 |
| 2 Bedroom | -$380 | $2,200 | $1,820 |
| 3 Bedroom | -$80 | $2,450 | $2,370 |
| 4 Bedroom | $10 | $2,800 | $2,810 |
Affordability — Overland Park, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $487,000 |
| Median Household Income | $114,000 |