Market Analysis

Kansas City, MO Multifamily Market

Cap rates, rent trends, and underwriting benchmarks for Kansas City apartment investors.

6.5%
Avg Cap Rate
5.5% – 7.8%
Cap Rate Range
1.38x
Avg DSCR
$115,000
Price / Unit
$1,050
Avg Rent / Unit
5.8%
Vacancy Rate
+2.4%
YoY Rent Growth
510,000
Population

Market Trend

Stable Midwest market with consistent cash flow characteristics. The Crossroads and Power & Light districts attract younger renters, while Johnson County, KS offers suburban Class A product. Low cost of living supports occupancy.

Lender Notes

Regional banks and credit unions active. 1.25x DSCR typical. Properties spanning the Missouri-Kansas state line may complicate financing.

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