Kansas City FHA Loan Rates, Closing Costs & Stats

KANSAS CITY, MO-KS

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Kansas City's 185 lenders originated 6,110 FHA loans during 2022. The total origination value was $1,335,990,000, with an average FHA loan value of $218,656.

    Kansas City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Kansas City averaged -0.36% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Kansas City's average FHA mortgage closing costs are $6,250.

    The average rate for the prior week (2023-11-17) was 6.73% and one month ago for the week of 2023-10-20, the average rate was 7.14%.

    The average rate one year ago was 6.36%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.27%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Kansas City FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kansas City level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 534 4.49% $8,724
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 413 5.29% $7,506
    LEADERONE FINANCIAL CORPORATION 270 5.23% $7,830
    FLAT BRANCH MORTGAGE, INC. 240 5.12% $7,030
    PRIMELENDING, A PLAINSCAPITAL COMPANY 207 5.01% $8,155
    UNITED WHOLESALE MORTGAGE, LLC 200 5.04% $8,224
    COMMUNITY MORTGAGE, LLC 148 4.90% $7,338
    LOANDEPOT.COM, LLC 143 4.98% $9,640
    JLB CORPORATION 129 4.85% $8,935
    FREEDOM MORTGAGE CORPORATION 125 5.04% $8,858
    Prosperity Home Mortgage, LLC 111 5.15% $8,059
    GUILD MORTGAGE COMPANY 109 5.24% $8,022
    Mr. Cooper ( Nationstar Mortgage ) 103 4.56% $11,033
    First State Bank of St. Charles, Missouri 103 4.70% $7,257
    BROKER SOLUTIONS, INC. 102 5.20% $9,109
    LAKEVIEW LOAN SERVICING, LLC 95 4.14% $6,485
    PENNYMAC LOAN SERVICES, LLC 94 4.31% $8,239
    AMERISAVE MORTGAGE CORPORATION 91 4.54% $9,577
    CALIBER HOME LOANS, INC. 88 4.68% $7,753
    SUMMIT FUNDING, INC. 79 5.65% $9,492
    COMMUNITYAMERICA 77 4.81% $7,231
    EVERETT FINANCIAL, INC. 73 5.51% $5,337
    DAS Acquisition Company, LLC 72 5.55% $8,256
    CARDINAL FINANCIAL 58 4.59% $8,459
    OPEN MORTGAGE, LLC 56 5.13% $9,171
    Plains Commerce Bank 54 5.17% $9,457
    MOVEMENT MORTGAGE, LLC 50 5.53% $7,694
    HOME POINT FINANCIAL CORPORATION 50 4.69% $8,127
    HOMEBRIDGE FINANCIAL SERVICES, INC. 49 5.25% $9,184
    North American Savings Bank, F.S.B. 49 4.72% $7,464
    ENDEAVOR CAPITAL, LLC. 48 5.40% $8,197
    BNC National Bank 43 4.95% $7,670
    NBH Bank 42 4.85% $6,723
    United Fidelity Funding Corp. 42 5.24% $11,240
    MID AMERICA MORTGAGE, INC. 42 4.92% $3,709
    Carrington Mortgage Services, LLC 41 5.11% $9,149
    First Bank 40 4.72% $7,567
    CROSSCOUNTRY MORTGAGE, LLC 40 5.08% $9,381
    Flagstar Bank, FSB 39 4.79% $7,454
    ACADEMY MORTGAGE CORPORATION 38 5.10% $7,555
    UNION HOME MORTGAGE CORP. 37 4.83% $7,901
    CMG MORTGAGE, INC. 37 4.78% $9,378
    S1L, Inc. 35 5.34% $8,223
    Arvest Bank 35 5.53% $7,375
    Neighborhood Loans, Inc. 32 5.44% $8,784
    NEWREZ LLC 31 4.79% $7,480
    American Mortgage & Equity Consultants, Inc. 29 5.30% $7,210
    MEGASTAR FINANCIAL CORP. 28 4.96% $7,813
    INLANTA MORTGAGE, INC. 27 5.08% $7,754
    BAY EQUITY LLC 27 5.13% $10,539
    BOKF 27 5.11% $7,722
    The Central Trust Bank 26 5.00% $7,206
    JAMES B. NUTTER & COMPANY 26 4.81% $7,107
    Mazuma Credit Union 25 5.23% $7,383
    Bell Bank 25 5.23% $7,843
    MUTUAL OF OMAHA MORTGAGE, INC. 24 4.70% $10,810
    GUARANTEED RATE, INC. 23 5.15% $9,015
    PLANET HOME LENDING, LLC 21 4.50% $7,255
    Equity Prime Mortgage LLC 21 5.69% $9,024
    SUN WEST MORTGAGE COMPANY, INC. 21 5.99% $10,374
    U.S. Bank 20 5.12% $6,396
    NBKC BANK 20 4.72% $7,409
    The Home Loan Expert LLC 19 4.91% $8,157
    PANORAMA MORTGAGE GROUP, LLC 19 5.70% $11,525
    FINANCE OF AMERICA MORTGAGE LLC 19 5.37% $9,382
    Mortgage Research Center, LLC 18 5.09% $7,605
    Commerce Bank 18 4.88% $5,727
    LOANPAL, LLC 17 4.53% $9,653
    VANDERBILT MORTGAGE AND FINANCE, INC. 17 4.82% $12,073
    Bank of America 17 3.91% $3,639
    AMERICAN PACIFIC MORTGAGE CORPORATION 17 5.46% $9,209
    Paramount Residential Mortgage Group, Inc. 16 5.36% $9,946
    DELMAR FINANCIAL COMPANY 15 5.46% $7,250
    PREMIER MORTGAGE RESOURCES, L.L.C. 15 5.12% $8,332
    First Federal Bank of Kansas City 15 5.12% $7,383
    Nations Lending Corporation 15 4.93% $8,315
    TOP FLITE FINANCIAL, INC. 13 5.40% $13,179
    American Mortgage Bank, LLC 13 5.68% $12,506
    GENEVA FINANCIAL, LLC 12 5.24% $8,069
    GERSHMAN INVESTMENT CORP. 12 5.24% $7,868
    Sunflower Bank 11 4.94% $7,127
    First National Bank of Omaha 11 4.53% $7,095
    Gateway First Bank 11 5.68% $7,815
    Ixonia Bank 10 5.10% $9,461
    HOMESIDE FINANCIAL, LLC 10 5.20% $7,511
    AMERICAN FINANCING CORPORATION 10 4.48% $7,845
    VILLAGE CAPITAL MORTGAGE 9 3.97% $5,816
    TruHome Solutions, LLC 9 4.94% $8,879
    Bank of England 9 4.22% $8,354
    CHURCHILL MORTGAGE CORPORATION 8 4.75% $8,381
    ZILLOW HOME LOANS, LLC 8 5.14% $7,610
    PLAZA HOME MORTGAGE, INC. 8 5.47% $6,529
    Central National Bank 8 5.34% $5,908
    Fidelity Bank 7 4.55% $8,428
    M&T Bank 7 5.18% $8,548
    Waterstone Mortgage Corporation 7 6.16% $8,137
    The Federal Savings Bank 7 5.34% $15,615
    First Guaranty Mortgage Corporation 7 3.75% $6,480
    Mortgage Investment Services Corporation 6 4.94% $5,515
    Wyndham Capital Mortgage, Inc. 6 5.08% $7,721
    Amerifirst Financial, Inc. 6 5.94% $9,117
    Academy Bank 6 5.46% $7,143
    First Home Bank 5 4.93% $10,017
    Citizens Bank 5 4.60% $6,483
    Community First National Bank 5 4.70% $8,515
    NORTHERN MORTGAGE SERVICES, LLC 5 4.85% $7,078
    Enterprise Bank & Trust 5 5.55% $6,077
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.45% $14,559
    US MORTGAGE CORPORATION 5 5.95% $6,087
    JPMorgan Chase Bank 5 4.73% $5,142
    Wells Fargo Bank 5 5.30% $11,241
    Landmark National Bank 4 5.34% $9,741
    Hawthorn Bank 4 5.94% $5,620
    Midwest Mortgage Associates Corporation 4 4.63% $6,808
    Northpointe Bank 4 5.00% $12,273
    PHH Mortgage Corporation 4 4.69% $10,294
    Servion, Inc. 4 6.06% $7,383
    Sierra Pacific Mortgage Company, Inc. 4 5.50% $10,188
    THRIVE MORTGAGE, LLC 4 5.41% $8,180
    AmeriHome Mortgage Company, LLC 4 5.25% $9,817
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.29% $6,435
    ON Q FINANCIAL, INC. 3 6.46% $7,542
    Texana Bank 3 5.08% $10,858
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.75% $11,233
    LIBERTY HOME MORTGAGE CORPORATION 3 5.79% $14,413
    HOMESPIRE MORTGAGE CORPORATION 3 5.46% $9,396
    EMBRACE HOME LOANS, INC. 3 4.08% $8,109
    UNITED MORTGAGE CORP 3 5.54% $10,732
    MORIA DEVELOPMENT, INC. 3 5.79% $7,427
    Paramount Bank 3 4.88% $6,904
    MYCUMORTGAGE, LLC 3 5.96% $4,373
    First Mortgage Solutions, LLC 3 3.46% $9,383
    NEW DAY FINANCIAL, LLC 3 5.54% $7,634
    RESIDENTIAL BANCORP 3 4.91% $10,801
    Flanagan State Bank 3 5.96% $9,277
    KELLER MORTGAGE, LLC 3 5.08% $7,411
    SECURITYNATIONAL MORTGAGE COMPANY 3 4.88% $6,633
    SUCCESS MORTGAGE PARTNERS, INC. 3 4.71% $10,377
    GSF Mortgage Corporation 3 5.04% $10,554
    Armed Forces Bank 3 5.04% $6,890
    Simmons Bank 2 5.94% $6,819
    Great Southern Bank 2 5.63% $5,292
    CASTLE & COOKE MORTGAGE, LLC 2 5.50% $7,978
    NP, Inc. 2 4.13% $5,912
    GUARANTEED RATE AFFINITY, LLC 2 5.19% $9,461
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 5.38% $4,504
    Regions Bank 2 5.00% $6,767
    BETTER MORTGAGE CORPORATION 2 4.94% $12,260
    BAYSHORE MORTGAGE FUNDING, LLC 2 7.13% $12,559
    Magnolia Bank 2 5.50% $9,902
    The Union Bank Company 2 5.56% $8,541
    PNC Bank 2 5.13% $5,191
    Members Mortgage Services, L.L.C. 2 4.63% $4,786
    Peoples Bank 2 6.06% $11,805
    UMB Bank 2 5.94% $7,618
    NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $8,859
    ENVOY MORTGAGE, LTD 1 6.75% $6,253
    NFM, INC. 1 6.13% $10,739
    FirstTrust Home Loans, Inc. 1 5.13% $8,799
    VERITAS FUNDING, LLC 1 6.88% $14,759
    Oakstar Bank 1 5.25% $7,267
    Origin Bank 1 3.00% $10,073
    First United Bank 1 2.75% $8,065
    Century Mortgage Company DBA Century Lending Company 1 2.38% $10,602
    PREMIA MORTGAGE, LLC 1 3.50% $5,911
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.25% $6,511
    BMO Harris Bank 1 5.00% $5,995
    RED DIAMOND HOME LOANS, LLC 1 4.63% $8,885
    RELIANCE FIRST CAPITAL, LLC 1 5.75% $10,061
    ROYAL UNITED MORTGAGE LLC 1 5.63% $8,069
    RUOFF MORTGAGE COMPANY, INC. 1 4.63% $8,609
    Barrington Bank & Trust Company, N.A. 1 4.63% $4,281
    Hometown Lenders, Inc. 1 3.50% $4,941
    South State Bank 1 6.25% $8,160
    AmRes Corporation 1 7.00% $8,552
    Hometown Equity Mortgage, LLC 1 6.25% $6,945
    HALLMARK HOME MORTGAGE, LLC 1 6.75% $7,084
    HOMESITE MORTGAGE, LLC 1 6.13% $9,116
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.50% $5,729
    HAMILTON HOME LOANS, INC. 1 4.75% $7,206
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $7,359
    KeyBank 1 4.88% $12,123
    ACCESS CAPITAL FUNDING, L.L.C. 1 5.13% $7,830
    First Internet Bank of Indiana 1 4.75% $5,754
    Financial Funding Solutions, Inc. 1 6.75% $9,287

    The top Kansas City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 534 FHA loans originated. Their average total fees are $8,724, which is $1,218 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Kansas City FHA lenders (with over 10 loans originated) are Bank of America ($3,639), MID AMERICA MORTGAGE, INC. ($3,709), EVERETT FINANCIAL, INC. ($5,337), Commerce Bank ($5,727) and U.S. Bank ($6,396).

    The lowest rate Kansas City FHA lenders (with over 10 loans originated) are Bank of America (3.91%), LAKEVIEW LOAN SERVICING, LLC (4.14%), PENNYMAC LOAN SERVICES, LLC (4.31%), AMERICAN FINANCING CORPORATION (4.48%) and QUICKEN LOANS, LLC (4.49%).

    Kansas City FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    KANSAS CITY, MO-KS JOHNSON 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS LEAVENWORTH 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS LINN 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS MIAMI 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS WYANDOTTE 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS BATES 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS CALDWELL 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS CASS 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS CLAY 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS CLINTON 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS JACKSON 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS LAFAYETTE 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS PLATTE 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS RAY 2022 $431,250 $552,050 $667,350 $829,350
    KANSAS CITY, MO-KS JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS LEAVENWORTH 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS LINN 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS MIAMI 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS WYANDOTTE 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS BATES 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CASS 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CLAY 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS CLINTON 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS PLATTE 2023 $472,030 $604,400 $730,525 $907,900
    KANSAS CITY, MO-KS RAY 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kansas City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $280,532 (15.9%) $340,943 (9.9%) 1.04 5,233
    2018-02-01 $296,043 (18.4%) $356,342 (13.8%) 1.08 4,858
    2018-03-01 $303,750 (13.7%) $364,970 (10.9%) 1.07 5,071
    2018-04-01 $306,345 (9.4%) $372,207 (8.1%) 1.04 5,298
    2018-05-01 $302,500 (10.0%) $371,705 (7.6%) 1.01 5,768
    2018-06-01 $298,500 (8.6%) $366,079 (6.0%) 1.00 6,209
    2018-07-01 $293,188 (6.6%) $363,206 (6.4%) 0.98 6,590
    2018-08-01 $290,000 (7.4%) $360,932 (6.0%) 0.97 6,874
    2018-09-01 $292,200 (8.4%) $361,016 (7.0%) 0.98 7,099
    2018-10-01 $289,950 (8.6%) $354,719 (5.9%) 0.98 7,290
    2018-11-01 $289,900 (7.4%) $355,147 (6.4%) 0.98 7,167
    2018-12-01 $292,925 (10.5%) $355,910 (7.6%) 1.01 6,543
    2019-01-01 $299,700 (6.8%) $359,325 (5.4%) 1.04 6,095
    2019-02-01 $312,450 (5.5%) $371,630 (4.3%) 1.06 5,790
    2019-03-01 $319,906 (5.3%) $380,115 (4.2%) 1.05 5,785
    2019-04-01 $322,458 (5.3%) $386,433 (3.8%) 1.02 5,888
    2019-05-01 $325,000 (7.4%) $391,732 (5.4%) 1.02 6,176
    2019-06-01 $324,825 (8.8%) $389,987 (6.5%) 1.02 6,343
    2019-07-01 $309,950 (5.7%) $380,436 (4.7%) 0.97 6,625
    2019-08-01 $307,727 (6.1%) $379,341 (5.1%) 0.97 6,711
    2019-09-01 $311,818 (6.7%) $382,736 (6.0%) 1.00 6,792
    2019-10-01 $311,995 (7.6%) $383,198 (8.0%) 1.01 6,868
    2019-11-01 $309,950 (6.9%) $379,824 (7.0%) 1.02 6,550
    2019-12-01 $313,824 (7.1%) $383,662 (7.8%) 1.05 5,694
    2020-01-01 $324,000 (8.1%) $391,519 (9.0%) 1.08 5,052
    2020-02-01 $338,475 (8.3%) $408,264 (9.9%) 1.11 4,712
    2020-03-01 $350,000 (9.4%) $428,167 (12.6%) 1.10 4,512
    2020-04-01 $351,950 (9.2%) $428,484 (10.9%) 1.10 4,517
    2020-05-01 $369,000 (13.5%) $451,884 (15.4%) 1.12 4,335
    2020-06-01 $375,000 (15.5%) $473,815 (21.5%) 1.10 3,983
    2020-07-01 $372,275 (20.1%) $467,991 (23.0%) 1.08 3,715
    2020-08-01 $362,000 (17.6%) $465,548 (22.7%) 1.04 3,556
    2020-09-01 $353,775 (13.5%) $1,013,048 (164.7%) 1.01 3,519
    2020-10-01 $349,999 (12.2%) $449,552 (17.3%) 1.00 3,603
    2020-11-01 $339,250 (9.5%) $432,417 (13.9%) 0.99 3,481
    2020-12-01 $324,475 (3.4%) $412,565 (7.5%) 0.97 3,102
    2021-01-01 $333,900 (3.1%) $423,056 (8.1%) 1.00 2,609
    2021-02-01 $347,450 (2.7%) $451,745 (10.7%) 1.01 2,057
    2021-03-01 $347,450 (-0.7%) $455,021 (6.3%) 0.99 1,957
    2021-04-01 $340,200 (-3.3%) $448,367 (4.6%) 0.92 2,064
    2021-05-01 $340,000 (-7.9%) $442,401 (-2.1%) 0.90 2,205
    2021-06-01 $327,694 (-12.6%) $425,023 (-10.3%) 0.86 2,556
    2021-07-01 $325,000 (-12.7%) $419,928 (-10.3%) 0.86 3,115
    2021-08-01 $317,500 (-12.3%) $409,737 (-12.0%) 0.85 3,282
    2021-09-01 $322,450 (-8.9%) $404,916 (-60.0%) 0.86 3,436
    2021-10-01 $322,000 (-8.0%) $406,808 (-9.5%) 0.86 3,370
    2021-11-01 $329,950 (-2.7%) $408,817 (-5.5%) 0.88 3,145
    2021-12-01 $343,450 (5.9%) $413,861 (0.3%) 0.93 2,726
    2022-01-01 $365,000 (9.3%) $431,456 (2.0%) 0.99 2,218
    2022-02-01 $387,475 (11.5%) $451,258 (-0.1%) 1.01 2,045
    2022-03-01 $386,538 (11.3%) $442,717 (-2.7%) 0.97 2,096
    2022-04-01 $380,000 (11.7%) $450,707 (0.5%) 0.91 2,265
    2022-05-01 $399,900 (17.6%) $463,755 (4.8%) 0.91 2,705
    2022-06-01 $399,000 (21.8%) $465,292 (9.5%) 0.89 3,245
    2022-07-01 $394,925 (21.5%) $459,142 (9.3%) 0.89 4,017
    2022-08-01 $387,444 (22.0%) $454,285 (10.9%) 0.90 4,193
    2022-09-01 $387,875 (20.3%) $454,561 (12.3%) 0.91 4,356
    2022-10-01 $389,000 (20.8%) $457,680 (12.5%) 0.92 4,723
    2022-11-01 $399,900 (21.2%) $470,864 (15.2%) 0.96 4,729
    2022-12-01 $410,000 (19.4%) $473,329 (14.4%) 1.01 4,377
    2023-01-01 $432,425 (18.5%) $484,383 (12.3%) 1.07 4,048
    2023-02-01 $442,412 (14.2%) $495,659 (9.8%) 1.07 3,732
    2023-03-01 $454,950 (17.7%) $508,590 (14.9%) 1.07 3,520
    2023-04-01 $460,200 (21.1%) $526,217 (16.8%) 1.07 3,402
    2023-05-01 $462,500 (15.7%) $532,355 (14.8%) 1.05 3,453
    2023-06-01 $453,363 (13.6%) $526,964 (13.3%) 1.02 3,606
    2023-07-01 $442,925 (12.2%) $519,647 (13.2%) 1.01 3,849
    2023-08-01 $434,950 (12.3%) $515,429 (13.5%) 1.00 4,020
    2023-09-01 $425,000 (9.6%) $509,690 (12.1%) 0.99 4,238
    2023-10-01 $412,475 (6.0%) $498,612 (8.9%) 0.97 4,599
    Kansas City's median listing price for 2023-10-01 was $412,475, a difference of $23,475 (6.0%) versus the prior year and $-12,525 versus the prior month.

    Kansas City's median listing price comes in at 97% of the national average.

    Kansas City's average listing price for 2023-10-01 was $498,612, a difference of $40,932 (8.9%) versus the prior year and $-11,078 versus the prior month.

    For the 2023-10-01 period, Kansas City had 4,599 MLS listings, a difference of 361 listings (9%) versus the prior month and -124 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kansas City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 80 days 2,143 sqft
    2018-02-01 79 days 2,202 sqft
    2018-03-01 51 days 2,274 sqft
    2018-04-01 45 days 2,325 sqft
    2018-05-01 43 days 2,347 sqft
    2018-06-01 45 days 2,326 sqft
    2018-07-01 48 days 2,321 sqft
    2018-08-01 50 days 2,307 sqft
    2018-09-01 54 days 2,310 sqft
    2018-10-01 57 days 2,286 sqft
    2018-11-01 58 days 2,240 sqft
    2018-12-01 72 days 2,209 sqft
    2019-01-01 80 days 2,217 sqft
    2019-02-01 82 days 2,263 sqft
    2019-03-01 64 days 2,313 sqft
    2019-04-01 43 days 2,350 sqft
    2019-05-01 38 days 2,366 sqft
    2019-06-01 44 days 2,365 sqft
    2019-07-01 45 days 2,295 sqft
    2019-08-01 47 days 2,281 sqft
    2019-09-01 50 days 2,286 sqft
    2019-10-01 53 days 2,285 sqft
    2019-11-01 58 days 2,265 sqft
    2019-12-01 72 days 2,243 sqft
    2020-01-01 81 days 2,273 sqft
    2020-02-01 83 days 2,322 sqft
    2020-03-01 53 days 2,400 sqft
    2020-04-01 54 days 2,399 sqft
    2020-05-01 58 days 2,452 sqft
    2020-06-01 48 days 2,490 sqft
    2020-07-01 43 days 2,448 sqft
    2020-08-01 42 days 2,377 sqft
    2020-09-01 38 days 2,345 sqft
    2020-10-01 37 days 2,321 sqft
    2020-11-01 44 days 2,208 sqft
    2020-12-01 54 days 2,142 sqft
    2021-01-01 64 days 2,102 sqft
    2021-02-01 59 days 2,155 sqft
    2021-03-01 43 days 2,163 sqft
    2021-04-01 37 days 2,130 sqft
    2021-05-01 37 days 2,102 sqft
    2021-06-01 38 days 2,084 sqft
    2021-07-01 37 days 2,071 sqft
    2021-08-01 40 days 2,026 sqft
    2021-09-01 44 days 2,018 sqft
    2021-10-01 47 days 2,004 sqft
    2021-11-01 50 days 2,009 sqft
    2021-12-01 57 days 2,031 sqft
    2022-01-01 68 days 2,056 sqft
    2022-02-01 56 days 2,100 sqft
    2022-03-01 43 days 2,070 sqft
    2022-04-01 38 days 2,086 sqft
    2022-05-01 37 days 2,165 sqft
    2022-06-01 38 days 2,169 sqft
    2022-07-01 40 days 2,168 sqft
    2022-08-01 46 days 2,130 sqft
    2022-09-01 51 days 2,145 sqft
    2022-10-01 51 days 2,150 sqft
    2022-11-01 58 days 2,189 sqft
    2022-12-01 71 days 2,200 sqft
    2023-01-01 81 days 2,212 sqft
    2023-02-01 81 days 2,236 sqft
    2023-03-01 70 days 2,299 sqft
    2023-04-01 62 days 2,327 sqft
    2023-05-01 52 days 2,373 sqft
    2023-06-01 50 days 2,352 sqft
    2023-07-01 50 days 2,332 sqft
    2023-08-01 50 days 2,287 sqft
    2023-09-01 50 days 2,265 sqft
    2023-10-01 50 days 2,219 sqft
    Kansas City's median listing age (time on market) for 2023-10-01 was 50 days. This is -3% shorter than the same period one year ago.

    Kansas City's median square footage for active listings during the 2023-10-01 period was 2,219 sqft. One year prior, the average listing was 2,150 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).