{"id":676,"date":"2021-03-10T09:54:16","date_gmt":"2021-03-10T09:54:16","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=676"},"modified":"2023-03-10T08:12:46","modified_gmt":"2023-03-10T08:12:46","slug":"kansas-city-real-estate-market-trends-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/","title":{"rendered":"Kansas City Real Estate Market Trends &#8211; Winter 2021"},"content":{"rendered":"<h2>Slow-Paced Recovery Expected for Metro<\/h2>\n<p>As vaccine distribution efforts gradually move forward, Kansas City is preparing for a much-anticipated recovery, contingent on a host of factors including federal financial assistance and an abatement in new coronavirus cases. While the metro\u2019s rental market endured and expansion was consistent through most of 2020, the effects of economic hardship started to manifest at the end of the year and carried over into 2021. Rents were down 0.2% to $1,008 on a trailing three-month basis as of January, below the $1,466 U.S. average.<\/p>\n<p>As of December, the unemployment rate was 3.8% in Kansas, 5.8% in Missouri and 4.9% in metro Kansas City. In the 12 months ending in November, the metro lost a combined 44,600 jobs. Recovery is expected to advance at a slow pace, with 1.3% of employment growth forecast for 2021, according to the Center for Economic Development and Business Research. On Feb. 11, Gov. Mike Parson signed a bill to provide more than $324 million in federal funding to Missouri renters and landlords.<\/p>\n<p>Kansas City had 7,177 units under construction as of January, 93% of which are aimed at high-income renters. The largest share\u201476%\u2014of the pipeline is set to deliver during 2021. Investment sales were off to a strong start in 2021, as two assets traded for $87 million in January<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1218-MatrixMultifamilyKansasCityReport-Winter2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily Kansas City Report-Winter 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slow-Paced Recovery Expected for Metro As vaccine distribution efforts gradually move forward, Kansas City is preparing for a much-anticipated recovery, contingent on a host of factors including federal financial assistance and an abatement in new coronavirus cases. While the metro\u2019s rental market endured and expansion was consistent through most of 2020, the effects of economic [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[113,221],"class_list":["post-676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-kansas-city","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kansas City Real Estate Market Trends - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"While rent expansion was consistent in Kansas City throughout 2020, the pandemic\u2019s impacts became visible near year-end and carried over into early 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas City Real Estate Market Trends - Winter 2021\" \/>\n<meta property=\"og:description\" content=\"While rent expansion was consistent in Kansas City throughout 2020, the pandemic\u2019s impacts became visible near year-end and carried over into early 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T09:54:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:12:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/03\/Kansas-City-iStock-1295113568.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timea-Erika Papp\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kansas City Real Estate Market Trends - Winter 2021 - Yardi Matrix Blog","description":"While rent expansion was consistent in Kansas City throughout 2020, the pandemic\u2019s impacts became visible near year-end and carried over into early 2021.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/","og_locale":"en_US","og_type":"article","og_title":"Kansas City Real Estate Market Trends - Winter 2021","og_description":"While rent expansion was consistent in Kansas City throughout 2020, the pandemic\u2019s impacts became visible near year-end and carried over into early 2021.","og_url":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-03-10T09:54:16+00:00","article_modified_time":"2023-03-10T08:12:46+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/03\/Kansas-City-iStock-1295113568.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timea-Erika Papp","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/kansas-city-real-estate-market-trends-winter-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Kansas City Real Estate Market Trends &#8211; 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