HUD’s Department of Policy Research & Development has published a Comprehensive Housing Market Analysis for Kansas City, Missouri-Kansas. The report provides a summary of the changes in the economic, demographic, and housing inventory characteristics of each specific housing market area, as well as offer projections for a three-year forecast period. According to HUD, the Kansas City rental market is “soft” with a vacancy rate of 9.3 percent. Demand is expected for approximately 1,400 multifamily units over the next three years; approximately 650 are in development.
To view the report, click here.
