Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,980, 509 total housing units (homes and apartments), and a median house value of $444,535, Olathe real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Olathe, accounting for 71.60% of the town's housing units. Other types of housing that are prevalent in Olathe include duplexes, homes converted to apartments or other small apartment buildings ( 15.52%), mobile homes or trailers ( 9.88%), and a few large apartment complexes or high rise apartments ( 3.00%).
The most prevalent building size and type in Olathe are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.18% owning and 41.82% renting.
There is a lot of housing in Olathe built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Olathe built before 1939 ( 26.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.40%). There's also some housing in Olathe built between 1940-1969 ( 15.87%).
Vacant housing appears to be an issue in Olathe. Fully 10.23% of the housing stock is classified as vacant. Left unchecked, vacant Olathe homes and apartments can be a drag on the real estate market, holding Olathe real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Olathe has experienced some of the highest home appreciation rates of any community in the nation. Olathe real estate appreciated 130.96% over the last ten years, which is an average annual home appreciation rate of 8.73%, putting Olathe in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Olathe definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Olathe's appreciation rate, at 6.32%, has been at or slightly above the national average. In the latest quarter, Olathe's appreciation rate has been -0.63%, which annualizes to a rate of -2.49%.
Notably, Olathe's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Colorado, our data show that Olathe's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.
$444,535
for Colorado
for nation
509
$1,642 / per month