Any good market overview by zip code on Kansas City
I'm visiting Kansas City for a few days and would like to get a feel of the market. I drove around yesterday and am planning to see some open houses (which are short on supply). I'm wondering if anyone has a good overview of the market.
Originally posted by @Zhuang Liang:I'm visiting Kansas City for a few days and would like to get a feel of the market. I drove around yesterday and am planning to see some open houses (which are short on supply). I'm wondering if anyone has a good overview of the market.
I have been watching the market for a long time! Kcmo looks like a great place to invest! Multiple reasons!
What type of areas are you looking to invest in? Single family only? Some of KC is driven by neighborhoods and it is different block by block. From a suburb perspective I would classify most anything in Johnson County as class A. Lee's Summit and Liberty is also class A. North of the River is likely class A or B+. Raytown, Independence, Historic Northeast are class C. Midtown, Plaza is class B+ or A but is block by block. Grandview is a solid class C. Hope that helps!
-
Real Estate Agent Kansas (#00245860) and Missouri (#2019043249)
- http://www.xchangecre.com
Hey Zhuang, I hope your trip is going great so far!
I found this forum post by @Chris Dawson to be a very informative overview of the KC market investment zipcodes.
@Zhuang Liang it depends on what kind of data you are looking for., however, there is not going to be any single source that will give you a neatly bundled market analysis at the zip code level. What kind of information are you looking for? You're doing one of the best things you can do by driving the neighborhoods.
If still in town on the 13th, come out to MAREI (see the calendar here for zip code 66214) and TALK with local lenders, realtors, investors, property managers and get their feel - there are things that people can share when speaking with you that they really can't post in words on the internet.
@Rachel Morrow The chart was very helpful. Thanks for posting the link. I know it’s several years old but it’s a good starting point for me to dig further into different neighborhoods.
Originally posted by @Robert Ortiz:@Rachel Morrow The chart was very helpful. Thanks for posting the link. I know it’s several years old but it’s a good starting point for me to dig further into different neighborhoods.
Absolutely! Glad you found it, and good luck with your investments. Feel free to reach out with questions.
I have been looking for class A property in Johnson county and currently using a local agent/property manager. It's very competitive for turnkey properties and locations with great schools. Strategy is go in with cash and refi using delay financing if you don't want to pay 10% over asking.
I have been looking for class A property in Johnson county and currently using a local agent/property manager. It's very competitive for turnkey properties. Strategy is go in with cash and refi using delay financing if you don't want to pay 10% over asking.
@Linh Lynne I've been looking at A/B class properties as well. Hardly finds anything on the market under 250k.