Rent to own Homes in Overland Park, KS
Overland Park, Kansas, which is only 15 miles outside of Kansas City, is part of the Kansas City Metropolitan Area. Overland Park is the second-largest city in Kansas with a population of about 175,000, and it has grown significantly over the past 30 years. Overland Park is in Johnson County and spreads out over 75 square miles. It was voted by Money magazine as one of the top 10 places to live, one of the best places to raise kids, and one of the best places to grow up. With all of these accolades, you might be interested in learning more about Overland Park.
Overland Park, KS is a great place for affordable rent-to-own homes! With a median household income of over $87,629 and a median rent of $1,200, the Overland Park, KS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Overland Park, KS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Overland Park, KS Property Resources
Rent to own Homes in Cities Near Overland Park, KS
- Basehor
- Belton
- Birmingham
- Blue Summit
- Bucyrus
- Claycomo
- Cleveland
- Edwardsville
- Fairway
- Farley
- Ferrelview
- Glenaire
- Greenwood
- Kansas City
- Kansas City
- Lake Quivira
- Lake Tapawingo
- Lake Waukomis
- Lake Winnebago
- Lansing
- Leavenworth
- Leawood
- Lee's Summit
- Lenexa
- Liberty
- Loch Lloyd
- Louisburg
- Merriam
- Mission
- Mission Hills
- North Kansas City
- Northmoor
- Oakview
- Oakwood
- Overland Park
- Parkville
- Peculiar
- Platte City
- Platte Woods
- Raymore
- Raytown
- River Bend
- Riverside
- Shawnee
- Smithville
- Spring Hill
- Stilwell
- Unity Village
- Weatherby Lake
- West Line
Neighborhoods in Overland Park, KS
Forest Glen rent to own homes Foxfield rent to own homes Kingston Lakes rent to own homes Lancaster rent to own homes Morse Village rent to own homes Nottingham By The Green rent to own homes Nottingham Forest rent to own homes St. Andrews Place rent to own homes Wellington Park rent to own homes Windham Park rent to own homesBuying a Home in Overland Park, KS
Overland Park, KS is seeing rapid growth and Overland Park, KS's' housing market remains not optimal with an average home price that is 36% above the 2024 national average. Overland Park, KS is part of Johnson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Johnson is 1.27% which is above the national average, which is 0.99%.
Median Home Price in Overland Park, KS
Median Rent in Overland Park, KS
Top Reasons to Live in Overland Park KS
Housing Statistics The median price of homes for sale in Overland Park is about $140,000, while the average price is close to $300,000. There are approximately 550 homes for sale. The average home for rent is approximately $700. The cost of living is pretty close to the national average. There has been a recent decrease of 10 percent in the number of homes sold. Some of this decline is due to the largest employer in the area, Sprint, laying off workers. Most of the homes in the area are single family and multifamily homes. Most homes are fairly new, approximately 30-40 years old. However, there are many older and larger homes in the area. Approximately 65 percent of the homes are owned and 30 percent of the homes are rented. Less than five percent of the homes are vacant.
Arts and Culture The area is known as a family friendly community, so much of the arts and culture caters to families. The Overland Park Arboretum and Botanical Gardens is a 300 acre experience. There are many fountains in the area since Kansas City is known as the "City of Fountains." There is the Deanna Rose Children's Farmstead, which is a 12-acre area filled with more than 200 animals, hayrides, ponds, and a historical school house. The area hosts a huge 12-field soccer complex and is home to the Overland Park Convention Center.
Weather and Climate The weather in Overland Park is typical of any Midwest city. The summers can be extremely hot and humid with temperatures in the 90s and 100s. The winters are cold, with temperatures going as low as below zero. The area gets a good amount of snow during the winter months, with an average of six inches of snowfall. The area has experienced tornadoes and ice storms before. Overland Park is well-prepared for these potential natural disasters, however, so be sure to gather as much information as possible upon moving to ensure your home is as protected as it can be in the off-chance a natural disaster occurs.
Neighborhoods There are several great neighborhoods located in Overland Park. The quality of the neighborhoods is one of the reasons why Overland Park has grown so much over the past few years. Here are some areas you should know about, whether you'd like to rent, rent to own, or buy.