Smith County, Kansas Housing Market
In Smith County, Kansas, the median home value is $94,100, with a median monthly rent of $635. This places Smith County at #2990 nationally out of 3134 counties by median home value, and #86 within Kansas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $899
- Establishments: 134
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,560 (avg $62,841)
- Outflow: 1,505 (avg $63,221)
- IRS Statistics of Income
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| Metric | Smith County | Kansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $94,100 | $138,824 | $227,706 |
| Median Gross Rent | $635 | $802 | $968 |
| Owner Occupancy Rate | 84.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 12.3 | 14.2 | 18.7 |
Market Analysis
The median home value in Smith County is 32.2% below the Kansas state average and 58.7% below the U.S. national average. The median rent of $635/month is 20.8% below the state average.
With a price-to-rent ratio of 12.3, buying a home in Smith County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Smith County has an owner-occupancy rate of 84.8%, compared to 74.2% in Kansas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Saline County | Illinois | $94,300 | $726 |
| Clay County | Georgia | $94,400 | $536 |
| West Carroll Parish | Louisiana | $94,400 | $740 |
| Hooker County | Nebraska | $93,800 | $592 |
| Robeson County | North Carolina | $94,500 | $805 |
Other Counties in Kansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Labette County | $94,600 | $746 | 74.0% |
| Wilson County | $93,500 | $736 | 77.7% |
| Pawnee County | $93,000 | $795 | 66.2% |
| Morton County | $96,100 | $632 | 85.4% |
| Phillips County | $96,500 | $672 | 78.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).