Overland Park, Kansas
In Overland Park, Kansas the median cost per square foot is $161. The metro area of Kansas City has a lower per square foot list cost average of $133.
$395,000 is the median cost for houses listed presently in Overland Park. The area has a rent cost median of $1,650, compared to $1,115 in the Kansas City metro area.
The foreclosure rate is an important factor in the economics of housing. For each particular location, the higher the foreclosure rate, the lower the value of homes.
The first step that homeowners experience in foreclosure is that their mortgage becomes delinquent. Mortgage delinquency is the condition of a homeowner missing a payment on their house.
Overland Park has a mortgage delinquency rate of 0.6%, which is quite a bit lower than the US mortgage delinquency rate of 1.6%.
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