Solomon, KS—67480
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solomon, KS
Solomon, KS lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 4.0% |
| Single Family | $177,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $133,000 | 6.4% |
3 Bed | $189,000 | 3.8% |
4 Bed | $216,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Solomon, KS
Solomon, KS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $975 | $975 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Solomon, KS
Solomon, KS lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 0.6% | N/A |
Days on Market | N/A | N/A |
Demographics — Solomon, KS
As of the latest ACS Survey released in 2023, Solomon, KS has a population of 1,540, which has decreased by -9.8% over the past 5 years. Solomon, KS is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,540 | -9.8% |
% Under 18 | 24.0% | -5.9% |
% Seniors | 18.4% | 47.2% |
% WFH | 5.7% | 42.5% |
% w/ College Degree | 19.1% | -7.7% |
As of the latest ACS Survey released in 2023, Solomon, KS is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Solomon, KS is hispanic, making up 2.7% of the population. Foreign-born residents account for 3.5% of the population in Solomon, KS, and this percentage has increased by 483.3% 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 | 88.9% | -7.2% |
% Black | 2.3% | 283.3% |
% Hispanic | 2.7% | 107.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.5% | 483.3% |
Mortgage and Risk — Solomon, KS
According to HUD data as of 2023, there were 28 mortgage originations in Solomon, KS, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Solomon, KS. Investor activity is low, as 0.0% 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 | 28 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Solomon, KS
Solomon, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 0 |
% 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 | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | $365 | $975 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Solomon, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $177,000 |
| Median Household Income | $81,900 |