Is Kansas City MO a good place to invest in real estate?
Is Kansas City MO a good place to invest in real estate? According to Time Magazine, Kansas City is one of the top 10 housing markets in the country for buyers to consider. And it’s easy to understand the reason why when looking at the recent performance statistics. Among other things, the population of Kansas City has grown by 0.73 percent year-over-year.
Is the housing market slowing down Kansas City? The higher rates appear to be slowing down Kansas City’s hot housing market: Sales of existing homes in the metro have decreased by 10.2% since May, while new homes have dropped 5.3%.
Is Kansas a good place to invest? Kansas has a strong economy based on tourism and agriculture where top products are wheat and cattle – 90% of Kansas land is devoted to agriculture! With a low-cost of living, Kansas has become an attractive place for many renters and therefore a great place for investors.
Why are homes in Kansas City so cheap? The main reason Kansas City is so affordable is attributable to one thing; housing prices. The median home cost is just over $146,000, which is incredibly low compared to the rest of the United States. The median rent here is similar (although not as inexpensive).