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2017 Market Overview

Kansas City, Missouri

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Quick Facts

The Kansas City metro area population has been growing at 10.85% since 2000 and currently has a population of 2.34 Million.

The region’s gross regional product grew 2.9% in 2014, higher than the U.S. GDP of 2.2%. Employment is predicted to continue to increase 1.5% in 2015 and 1.4% in 2016. The Kansas City Metropolitan economy has added an average of 10,100 jobs year-over-year since job growth turned positive in July 2010.

Kansas City’s impressive economic growth has been led by Cerner and the healthcare sector, finance, insurance, the automobile industry, IT, and manufacturing.

Due to it’s location directly in the center of the U.S., the area continues to rank as one of the strongest distribution centers in the country. It’s ranked #1 for rail freight volume and boasts the 2nd largest rail centers in the U.S. behind Chicago.

Other factors attracting businesses to Kansas City include the quality of life. Besides being one of the most affordable cities in the U.S, Kansas City is well known for its sports, art and culture.

The median home price in the Kansas City Metro Area is $156,600. An average monthly rent of $793 and a median household income of $56,743 makes it a very affordable marketplace.


After years of neglect and seas of parking lots, Downtown Kansas City currently is undergoing a period of change with over $6 billion in revitalization since 2000.

Downtown is undergoing redevelopment with new condominiums, apartments, offices. The redeveloped Power & Light District offers indoor/outdoor shopping, dining and entertainment including bars, restaurants, a grocery store, a roof-top pool club called The Jones, a performing arts center and the Sprint Center. Two other “near” downtown neighborhoods that are very popular and have unique appeal are the Country Club Plaza (or simply the “Plaza”), south Plaza and nearby Brookside.

Kansas City is officially nicknamed the City of Fountains – over 200 – and claims to have the 2nd-most in the world, just behind Rome. The city has more boulevards than any other city except Paris and has been called “Paris of the Plains”.

K.C. is home to the Kansas City Royals and the Kansas City Chiefs.

Major Employers

In the Media

  • "Ranked #1 in regional economic development acquisition in the U.S." - 2014 Winning Strategies
  • "Ranked #1 City for affordability, cultural venues and desirable lifestyle" - Huffington Post
  • "Ranked #2 Best Market for Renters" - Forbes based on data from Marcus Millichap
  • "Ranked #3 America’s Favorite Cities" - Travel & Leisure
  • "Ranked #6 for Real Estate Investment" - KC Business Journal 2014
  • "Annual report sees bright future in 2015 for Kansas City" - Kansas City Star
  • "Does Kansas City's rental market favor renters?" - Kansas City Business Journal