Zip codes with the fastest growing rent in Kansas

Written by:
March 24, 2021
realtor.com

Zip codes with the fastest growing rent in Kansas

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Kansas using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Kansas

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Kansas using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#11. 66223 (Overland Park)

- 1 year rent change: +0.5%
--- #18 fastest growing rent among zip codes in Kansas City, MO metro
- 5 year rent change: +14.4%
- Typical rent: $1,919
--- 54.5% above typical rent in Kansas City, MO metro

- Pictured (for rent): 6705 W 141st St, Overland Park 66223 ($1,255)

#10. 67203 (Wichita)

- 1 year rent change: +1.8%
--- #6 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +8.1%
- Typical rent: $827
--- 3.6% less than typical rent in Wichita, KS metro

- Pictured (for rent): 150 N McLean Blvd, Wichita 67203 ($1,750)

#9. 67211 (Wichita)

- 1 year rent change: +3.2%
--- #5 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +10.6%
- Typical rent: $780
--- 9.1% less than typical rent in Wichita, KS metro

- Pictured (for rent): 2002-2008 S Hydraulic St, Wichita 67211 ($480)

#8. 66062 (Olathe)

- 1 year rent change: +4.0%
--- #15 fastest growing rent among zip codes in Kansas City, MO metro
- 5 year rent change: +15.2%
- Typical rent: $1,728
--- 39.1% above typical rent in Kansas City, MO metro

- Pictured (for rent): 11820 S Greenwood St, Olathe 66062 ($1,755)

#7. 67207 (Wichita)

- 1 year rent change: +4.0%
--- #4 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +10.0%
- Typical rent: $1,056
--- 23.1% above typical rent in Wichita, KS metro

- Pictured (for rent): 1157 S Webb Rd, Wichita 67207 ($694)

#6. 67213 (Wichita)

- 1 year rent change: +4.3%
--- #3 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +13.0%
- Typical rent: $799
--- 6.9% less than typical rent in Wichita, KS metro

- Pictured (for rent): 411 W Maple St, Wichita 67213 ($1,500)

#5. 66205 (Mission)

- 1 year rent change: +4.9%
--- #13 fastest growing rent among zip codes in Kansas City, MO metro
- 5 year rent change: +12.3%
- Typical rent: $1,676
--- 34.9% above typical rent in Kansas City, MO metro

- Pictured (for rent): 2200 W 47th Pl, Westwood 66205 ($2,802)

#4. 67212 (Wichita)

- 1 year rent change: +5.2%
--- #2 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +18.6%
- Typical rent: $976
--- 13.8% above typical rent in Wichita, KS metro

- Pictured (for rent): 770 N Silver Springs Blvd, Wichita 67212 ($829)

#3. 67217 (Wichita)

- 1 year rent change: +5.3%
--- #1 fastest growing rent among zip codes in Wichita, KS metro
- 5 year rent change: +10.0%
- Typical rent: $860
--- 0.2% above typical rent in Wichita, KS metro

- Pictured (for rent): 4141 S Seneca St, Wichita 67217 ($824)

#2. 66208 (Prairie Village)

- 1 year rent change: +5.9%
--- #10 fastest growing rent among zip codes in Kansas City, MO metro
- 5 year rent change: +30.7%
- Typical rent: $1,630
--- 31.2% above typical rent in Kansas City, MO metro

- Pictured (for rent): 3590 W 75th St, Prairie Village 66208 ($899)

#1. 66061 (Olathe)

- 1 year rent change: +6.7%
--- #7 fastest growing rent among zip codes in Kansas City, MO metro
- 5 year rent change: +30.3%
- Typical rent: $1,291
--- 3.9% above typical rent in Kansas City, MO metro

- Pictured (for rent): 11691 S Ridgeview Rd, Olathe 66061 ($1,695)

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