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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Arkansas City, KS Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Arkansas City, KS Housing Market Trends

With a population of 11,923, 4,685 total housing units (homes and apartments), and a median house value of $96,227, house prices in Arkansas City are some of the most affordable in Kansas as well as the nation.

Single-family detached homes are the single most common housing type in Arkansas City, accounting for 73.55% of the city's housing units. Other types of housing that are prevalent in Arkansas City include large apartment complexes or high rise apartments ( 10.74%), duplexes, homes converted to apartments or other small apartment buildings ( 9.81%), and a few mobile homes or trailers ( 5.67%).

People in Arkansas City primarily live in small (one, two or no bedroom) single-family detached homes. Arkansas City has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Arkansas City's housing was primarily built during this period, from the '40s through the '60s. A full 33.46% of the city's housing hails from this era. Other housing ages represented in Arkansas City include homes built before 1939 ( 33.15%) and housing constructed between 1970-1999 ( 27.08%). There's also some housing in Arkansas City built between 2000 and later ( 6.31%).

Vacant housing appears to be an issue in Arkansas City. Fully 16.26% of the housing stock is classified as vacant. Left unchecked, vacant Arkansas City homes and apartments can be a drag on the real estate market, holding Arkansas City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Arkansas City Home Appreciation Rates

Real estate appreciation rates in Arkansas City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.81% during the period.

Over the last year, Arkansas City appreciation rates have trailed the rest of the nation. In the last twelve months, Arkansas City's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arkansas City were at 4.94%, which equates to an annual appreciation rate of 21.27%.

Importantly, this makes Arkansas City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kansas, our data show that Arkansas City's latest annual appreciation rate is lower than 90% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Arkansas City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arkansas City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Arkansas City real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$96,227

Arkansas City, KS Home Prices
> $1,332,000
$1,000,001 - $1,332,000
$666,001 - $1,000,000
$533,001 - $666,000
$400,001 - $533,000
$266,001 - $400,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.6%
0.6%
0.3%
0.3%
0.1%
0.1%
0.4%
0.4%
0.4%
0.4%
4.3%
4.3%
23.9%
23.9%
43.1%
43.1%
27.0%
27.0%
0% 100.0%
% of Homes
Very Low

for Kansas

Very Low

for nation

Number of Homes And Apartments:

4,685

Arkansas City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,208 / per month

Homeownership Rate

Owners
Renters
59.0%
59.0%
41.0%
41.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.3%
16.3%
83.7%
83.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.3%
6.3%
27.1%
27.1%
33.5%
33.5%
33.2%
33.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.5%
73.5%
0.2%
0.2%
9.8%
9.8%
10.7%
10.7%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
10.5%
10.5%
40.8%
40.8%
31.8%
31.8%
13.3%
13.3%
1.5%
1.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Arkansas City

Popular Communities Near Arkansas City, KS

Zip Codes in Arkansas City, KS