Kansas City is the sixth largest city in the Midwest with a metro population of 2.34 million. Kansas City real estate investing remains one of the most affordable options in the nation, thanks to the market’s growing and diverse economy. In 2023 Kansas City was ranked in the top 10 Hottest Real Estate Markets by Zillow, #8 Hottest U.S. Job Market by Wall Street Journal, and a Top City for Renters by WalletHub.
Many international companies call Kansas City home, including AMC Entertainment, Bayer CropScience, Boehringer Ingelheim, CEVA Animal Health, Clarios, Elanco Animal Health, Huhtamaki Americas, Merck Animal Health, Nestle Purina Petcare Global and VMLY&R. The area also boasts diverse educational institutions like the University of Kansas, the University of Missouri, and Kansas State University, which offer degrees in various fields.
Recent openings and expansions in the metro area span various sectors, including temperature-controlled warehousing, biotechnology, energy solutions, digital health, aerospace systems, precision manufacturing, industrial battery assembly, and food distribution. Companies like Google (data center), Honeywell (aerospace systems), Walmart (beef packaging and distribution center), and Panasonic (EV battery manufacturing) have recently opened or expanded operations in the area.
Kansas City’s real estate market offers a good combination of current cash flow and appreciation potential for investors today.
Kansas City Investment Opportunity Quick Facts
This information reflects typical properties purchased by RealWealth members in Kansas City. These numbers are estimates, and the actual property prices and rents will vary based on current inventory.
- Investment Objective: Medium Cash Flow, Medium Appreciation
- Types of properties for sale: New construction duplexes and fourplexes in A or B neighborhoods and occasional REAL Income SFRs
- Average home price: Prices $140,000 – $170,000 per unit
- Average monthly rents: $1,000 – $1,500 per unit
Why invest in Kansas City real estate
There are a variety of reasons why you would invest in Kansas City real estate.
- Affordability: The average home price in the Kansas City metro area is just over $300,000, which is 16% more affordable than the national average.
- Decent Appreciation: Homes in Kansas City have appreciated by over 100% since 2014. This is 9% higher than the national average.
- Population Growth: Kansas City’s population has grown by over 10% since 2010, 26% faster than the national average.
Kansas City Investment Real Estate for Sale
We don’t have a current turnkey rental property team in Kansas City, but we hope to have another here soon. Please check back or view another market in the menu!
