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Posted almost 15 years ago

Kansas City vs Other Markets for Investing

With the huge interest in Cash Flowing Rentals in Kansas City from investors nationwide, I thought it would be interesting to compare it to another rental market I have been seeing promoted on many blogs and websites as a cash flowing market.

I have also included info about the area from which many of our investors come from.

This information is according to Yahoo Real Estate neighborhood profiles.

                             Kansas City      Detroit       Los Angeles

Population                450,375          916,952       3,834,340

Population Growth         1.9%               -3%             3.5%

Population Density        1424                6265            8388 

(residents per sq mile) 

Median Age                    36                    33                34

Medium Income           $43,574           $32,426          $42,529

Median Home Age         42 yrs              57 yrs               34 yrs

Median Home Value     $146,400          $32,426            $606,375

Ownership %                 51.45%            46.05%              36.4%

Rental %                       37.04%            38.54%             60.36%

High School Grad             82.9%              69.6%                66%

Unemployment Rate        7.8%                 17.7%               7.8%

Returns of 20%-40%, stable economy, availability of affordable housing and an average price of $57,500 for Postive Cash Flowing Properties makes Kansas City a FANTASTIC market to invest in.


Comments (2)

  1. i have 1 hard money lender i work with. jeffrey forster. 816-333-7779

    blue ridge bank and trust has been working with some of my investors as well. sue hook 816-795-9933 main bank #

    let me know if i can be of service.

    [email protected]

    www.morekc.com


  2. Great post Dan. makes me feel even better about the long term viability of my KCMO properties. Is there any portfolio or private lenders in the area you would recommend? I could really grow my business with a local partner

    Donnie Strybos

    Potential Properties, LLC