The city of Olathe, Kansas, in Johnson County is the fifth largest in the state with more than 125,800 people calling it home. It is a suburban area, just a few minutes from Kansas City. It is one of the fastest growing cities in the region as well, and in 2008, it was listed as one of the best American cities to live in by CNN Money. The rent to own options here could be ideal for someone looking for an affordable area with residential amenities. Before looking at the house for sale, though, individuals will want to learn more about the region and its housing market.
The housing market in Olathe is experiencing growth. This is evident in the stats for this area. The median sale price of homes here, as of the second quarter of 2013, was $157,791. This is more than a six percent increase over the previous year. The city has some foreclosures available, but most homes for sale (about 474 as of August of 2013) are single family homes, condos, and duplexes. The average listing price of homes, as of the second week of August 2013, was $256,675. The average price per square foot is $102 as of this time as well.
Some additional housing data can also be helpful when looking for rental homes. About 39 homes have sold in the second quarter of 2013. The annual residential turnover here is 18 percent. Additionally, the median years in residence is three years. All of this data helps to contribute to the overall conditions of the market right now. For people who are looking to buy a home in Olathe, it is essential to consider all of these details while also considering the overall neighborhood.
When choosing a rental property, many factors are considered essential. Aside from housing statistics, individuals will also want to consider the various attractions and things to do here in Olathe. Visitors may wish to visit Great Mall of the Great Plains, located on 151st Street. There is also a large movie theater here, as well as various restaurants and shops. Additionally, visitors often come to see the Mahaffie Stagecoach Stop and Farm Historic Stop, the Buddy Rogers Playhouse, and the Marra Museum of Deaf History.
Getting around in Olathe is easy to do. The city is a few miles from Route 435. It is near Routes 10, 7, and 169 as well. This makes it easy for people in Olathe to get into Kansas City or out into other areas of Kansas and the Midwest. The average commute time for Olathe residents into Kansas City ranges from 30 and 50 minutes, depending on location as well as time of day.
A number of neighborhoods in Olathe are worth considering when you're looking at a house for sale or a rental option. The following are some areas worth visiting:
Amber Hills Estates:Amber Hills Estates is a luxury home destination with about 127 homes. These homes are larger, sit on more land, and offer more modern amenities than most in the area.
Arlington Park:Arlington Park is also a higher income area with 119 homes. The properties here are slightly less expensive, but nearly all are in a residential neighborhood with only single family homes.
Brittany Meadows:Brittany Meadows is an ideal location for raising a family. Homes here are two and three bedroom homes usually with ample yards. Some new construction is available in this region as well.
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