Home Is Where Your Budget Is
The average sales price of a home in Kansas City has been hovering around $250,000 this year. In a metropolitan area as large as ours, that comes from a very wide range of home values but it’s still a solid number. That amount could buy you a nice four-bedroom home in a modest area of the suburbs, or a sleek loft in the city, but it won’t go very far in new construction or continuously hot neighborhoods like Prairie Village and Fairway.
Do you ever wonder what your budget could buy you in another part of the country? I love comparing our market to other areas across the U.S., and here are a few fun facts I found:
1. Chicago – Welcome home to a 2 Bed, 1 Bath townhome in Chicago, IL! You can expect a relatively up-to-date interior at that price, but don’t forget about HOA fees. If you prefer a single-family home you can get a little more space, but you’ll have to sacrifice updates for it. Orange linoleum floors, anyone?
2. Austin – Pack your bags, and don’t forget your boots! The capitol of the Friendship State offers home very comparable for what you could buy here. With a $250k budget, you can enjoy a nicely updated 3 Bed, 2 Bath single-family home on the outskirts of the city.
3. New York – It’s no surprise that the average home price in Kansas City will get you a one-bedroom apartment at best in the city that never sleeps. Luckily you’d probably be out enjoying life in the Big Apple enough that a little place to call home would be enough, or you could go in on a property with a roommate and get a little more space.
4. San Diego – Much like its east coast counterpart, California comes with big price tags and bitty spaces. For around the same price as the average home in Kansas City, you can squeeze into a 1 Bed, 1 Bath condo with less than 600 square feet, which could be a great in-between step if you’ve been considering moving to a tiny home.
All of those options considered, Kansas City is a pretty great place to be when it comes to affordability and property values. But, if you’re considering a move out of town or out of state, you can take my expertise with you! My extensive referral network through Keller Williams means I can connect you with the perfect agent for you in your new city, whether it’s in another state or another country.