Kansas City’s Fastest-Growing Neighborhoods of 2024: What’s Driving the Boom?
In 2024, Kansas City witnessed remarkable growth in several neighborhoods, each thriving due to unique factors that attracted residents and investors alike. From historic charm to suburban appeal, here’s an in-depth look at 10 neighborhoods that stood out the most this past year, and why they grew.
1. Downtown Kansas City
Who’s Moving In: Young professionals and empty nesters seeking a vibrant lifestyle with access to dining, cultural events, and nightlife.
Why It Grew: Downtown continues to thrive as a hub for urban living, fueled by over $3 billion in investments in luxury apartments, boutique hotels, and entertainment venues. Projects like the South Loop Link Park and the proposed Kansas City Royals ballpark district promise to further elevate the downtown experience (Kansas City Star).
Growth Statistics: Residential developments increased by 15% in 2024, with average condo prices rising by 8%. Rental demand also surged by 12% as more young professionals moved into the area (Downtown Council KC).
What It Means for Home Values: Average home values increased to $315,000, up 10% from the previous year.
https://www.inkansascity.com/innovators-influencers/local-news/what-will-downtown-kansas-city-be-like-in-2030-heres-a-peek/
2. Brookside Park
- Why It Grew: Known for its historic charm, walkable streets, and proximity to excellent schools, Brookside has become a highly sought-after neighborhood. Limited inventory has created competitive bidding, driving home prices up (Zillow).
- Growth Statistics: Home values grew by 14%, reaching an average of $520,000 in 2024. Inventory turnover remained low, with only a 6% increase in available homes (Kansas City Real Estate Blog).
- What It Means for Home Values: Competitive demand ensures continued appreciation in property values.
- Who’s Moving In: Families and professionals seeking a balance of urban convenience and suburban tranquility.
3. North Kansas City
- Why It Grew: Infrastructure improvements and a surge in local businesses, including craft breweries and tech startups, have revitalized North Kansas City. Its proximity to downtown makes it an ideal location for those seeking affordability with urban amenities nearby (North Kansas City Development Authority).
- Growth Statistics: Home values rose by 11%, with the median price hitting $280,000. The area saw a 9% increase in new business licenses, further boosting local economic activity (Kansas City Business Journal).
- What It Means for Home Values: Steady appreciation as demand remains high among urban-minded buyers.
- Who’s Moving In: Young professionals and families.
4. Spring Hill
- Why It Grew: Spring Hill’s 7.92% population growth in 2024 reflects its appeal as a family-friendly suburb with affordable housing and expanding amenities like new schools and parks (City of Spring Hill).
- Growth Statistics: Average home prices increased by 8%, reaching $310,000. New residential developments accounted for a 12% growth in housing inventory (Spring Hill Real Estate Report).
- What It Means for Home Values: Continued growth as families seek suburban alternatives.
- Who’s Moving In: Families and first-time homebuyers looking for affordability and quality of life outside the city.
5. Parkville
- Why It Grew: Parkville saw a 26.72% population increase over five years, thanks to its picturesque setting along the Missouri River and a strong sense of community. Boutique shopping, restaurants, and events like the Parkville Days Festival add to its charm (Visit Parkville).
- Growth Statistics: Home values rose by 13% in 2024, averaging $480,000. Commercial investments increased by 10% as new businesses opened (Parkville Economic Development).
- What It Means for Home Values: A thriving market driven by lifestyle appeal.
- Who’s Moving In: Professionals and families seeking a small-town feel with upscale amenities.
6. Basehor
- Why It Grew: Basehor’s population grew by 25.15% over five years due to its affordable housing and proximity to Kansas City. New developments and a quiet suburban lifestyle have made it a top choice for commuters (Basehor City Website).
- Growth Statistics: Housing inventory grew by 15%, with average prices reaching $290,000 (up 9%) (Kansas City Suburban Growth Report).
- What It Means for Home Values: Stable growth as more families and professionals relocate.
- Who’s Moving In: Young families and professionals.
7. Peculiar
- Why It Grew: Peculiar’s appeal lies in its small-town charm, availability of larger lots, and new construction homes. Its affordability compared to nearby suburbs has attracted families (Cass County Economic Development).
- Growth Statistics: Home prices increased by 10%, reaching a median value of $275,000. New housing permits rose by 18% in 2024 (Peculiar Housing Trends).
- What It Means for Home Values: A strong market for new construction and family homes.
- Who’s Moving In: Families and retirees seeking space and value.
8. Grain Valley
- Why It Grew: With a 15.67% population increase over five years, Grain Valley offers expanding housing options and family-friendly amenities. Its commuter-friendly location near Kansas City makes it a desirable suburb (Grain Valley Economic Development).
- Growth Statistics: Home values grew by 12%, averaging $300,000. New residential developments expanded by 14% (Midwest Housing Report).
- What It Means for Home Values: Consistent appreciation fueled by suburban demand.
- Who’s Moving In: Middle-income families and commuters.
9. Overland Park
- Why It Grew: Overland Park continues to thrive with its highly rated schools, corporate headquarters, and cultural attractions. New housing projects, including single-family homes and townhomes, keep the area in high demand (Overland Park Chamber).
- Growth Statistics: Average home prices rose by 9% to $450,000. Commercial developments grew by 8%, attracting more professionals (Kansas City Real Estate Blog).
- What It Means for Home Values: A steady rise in demand ensures sustained growth.
- Who’s Moving In: Families, corporate professionals, and retirees.
https://www.inkansascity.com/style-shopping/shopping/our-top-6-things-to-do-in-waldo/
10. Waldo
- Why It Grew: Waldo’s combination of affordable home prices, walkable streets, and a growing number of local businesses make it a strong investment opportunity. Its charm and modern conveniences attract a variety of buyers (Explore Waldo).
- Growth Statistics: Home prices rose by 11%, with an average value of $265,000. Rental demand increased by 13% (Kansas City Rental Market).
- What It Means for Home Values: Continued appreciation and investor interest.
- Who’s Moving In: First-time homebuyers, investors, and young families.
Why These Neighborhoods Grew
Kansas City’s housing market in 2024 reflects a mix of urban revitalization, suburban expansion, and demographic shifts. Infrastructure investments, new housing developments, and the city’s balanced mix of urban and suburban lifestyles have made it a top real estate market in the region.
Looking Ahead
As we move into 2025, these neighborhoods will likely continue to grow, driven by a combination of affordability, quality of life, and economic development. Whether you’re considering buying, selling, or investing, understanding these trends can help you make informed decisions.
If you’re looking for a professional appraisal to understand your property’s value in this dynamic market, contact us at MacDonnell Appraisals today! With expertise in residential, rural, and luxury properties, we’re here to guide you through Kansas City’s evolving real estate landscape.
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