KANSAS (KPR) — Home prices just seem to keep going up. Within the last two years, real incomes have fallen under the weight of historic inflation. At the same time, the Federal Reserve’s interest rate hikes have sent mortgage rates soaring.
While the demand from home buyers has fallen, home prices have not. According to the real estate website Realtor.com, the median list price for a home in the U.S. is a little more than $441,000. That’s nearly 3% higher than it was a year ago.
In Kansas, the statewide median list price for a home is nearly $322,000. While such prices are prohibitively high for most Americans, there are parts of the country where homes are selling for far less.
Of the 63 counties in Kansas with available data from Realtor.com, Cloud County has the least expensive housing. As of May, the median list price for a home in Cloud County was $69,000.
