66223Overland Park, KS Housing Market
$521,250median sale price
The 66223 zip code, located in Overland Park, KS, is currently classified as a balanced market. The median sale price stands at $521,250, representing a +11.1% change year over year. Homes in this area spend an average of 30 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 66223 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
52
Last 12 weeks
Days on market
30
Average pace
Active listings
—
Sale-to-list
—
Below asking
Market trends
Market analysis for 66223
The 66223 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 66223 have increased +11.1% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 66223 stands at $496,266, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,894 per month. This gives a price-to-rent ratio of approximately 21.8, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
25,217
Median income
$109,835/yr
Median age
37.5 years
Owner-occupied
56.7%
College grads
67.6%
Avg commute
20.4 min
Living in 66223
Zip code 66223 is home to approximately 25,217 residents. The median household income is $109,835 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 56.7% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 67.6% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.4 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 66223.
Frequently asked questions about 66223
What is the median home price in 66223?
The current median sale price in 66223 is $521,250, based on recent Redfin transaction data. Prices have changed +11.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 66223 a buyer's or seller's market?
The 66223 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 66223?
Zip code 66223 has a population of approximately 25,217 residents. The median household income is $109,835 per year. About 56.7% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 66223?
Properties Incorporated provides comprehensive data for 66223 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 66223 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually. Visit our data sources page to learn more about our data methodology and update schedules.
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