Zip Code 66062

Olathe, KSJohnson County

Real Estate Market Analysis

Q3 2025 Report
$408,750 (up 2.2% YoY)
Median Home Value
Not specified for 66062; Olathe city ~143,000 (2024 est.)
Population
Above national average (Olathe median household income ~$104,000)
Median Income
Highly rated; among the best in Kansas
School District Rating

Market Statistics

Property Values

$408,750 (up 2.2% YoY)
Median Home Value
$2,850 for a 4bd/4ba home (recent listing)
Median Rent
$205 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation2.2% YoY (March 2025)
Market VelocityHomes go pending in around 3 days; seller's market as of June 2025
Foreclosure RateNot specified, but market is stable with low vacancy

Area Information

Area SizeLarge suburban area within Kansas City metro
CountyJohnson
Primary CityOlathe

Housing Profile

Housing Statistics

Total Housing UnitsNot specified for 66062; Olathe had 1,053 homes for sale in June 2025
Owner OccupiedMajority (Olathe is a family-oriented, owner-heavy suburb)
Rental PropertiesSignificant, but owner-occupied dominates
Vacant UnitsLow, given fast market velocity and seller's market
New ConstructionActive, with balanced supply of new and existing homes

Housing Types

Single-family homesTownhomesMultifamily (limited)

Demographics

Not specified for 66062; Olathe city ~143,000 (2024 est.)
Population
Mid-30s (Olathe median: 35.6)
Median Age
Above national average (Olathe median household income ~$104,000)
Median Income
High; low unemployment relative to national average
Employment Rate
High; large proportion with college degrees
Education Levels
Predominantly families with children, some young professionals
Family Composition

Education Quality

School District Performance

Highly rated; among the best in Kansas
District Rating
School DistrictOlathe School District (USD 233)
Test ScoresAbove state average
Graduation RatesHigh (Olathe School District >90%)

Schools in Area

  • Olathe South High School
  • Olathe East High School
  • Frontier Trail Middle School
  • Numerous elementary schools

Economic Factors

Employment & Business

Job GrowthPositive, steady growth; tech and logistics expanding
Unemployment RateLow (Johnson County below national average)
Business EnvironmentStrong, pro-business climate
Commercial ActivityActive, with new industrial and retail developments

Major Employers

  • Garmin
  • Olathe Medical Center
  • Olathe School District
  • Logistics/Distribution centers

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-35
  • US-169
  • KC Metro bus routes

Utilities & Services

  • Electricity
  • Water/Sewer
  • Natural Gas
  • Trash/Recycling

Quality of Life

Safety & Environment

Low crime rate; safer than national average

Good; suburban parks, green spaces, low pollution

Healthcare Access

  • Olathe Medical Center
  • Numerous clinics and specialists

Development Trends

Planned Developments

  • New subdivisions
  • Retail centers (Bluhawk, Merriam Grand Station nearby)
  • Industrial expansion (Panasonic battery plant)

Infrastructure Projects

  • Road expansions
  • School upgrades

Investment Outlook

Growth Outlook

Continued moderate growth, strong demand

Investment Opportunities

  • Single-family rentals
  • New construction sales
  • Small multifamily investments

Marketing Intelligence

Target Demographics

  • Families with children
  • Move-up buyers
  • Young professionals
  • Relocators from KC metro

Competitive Advantages

  • Excellent schools
  • Safe neighborhoods
  • Proximity to KC jobs
  • Modern housing stock

Pricing Strategies

Price slightly above comps in hot segments; use escalation clauses for bidding wars

Common Objections & Response Strategies

Objection: High home prices compared to past years

Response Strategy:

Emphasize appreciation, strong schools, and long-term value

Objection: Limited inventory/fast market

Response Strategy:

Encourage pre-approval, flexible offers, and readiness to act quickly

Objection: Property taxes are high

Response Strategy:

Highlight quality of schools, services, and stable property values

Professional Recommendations

1

Encourage buyers to get pre-approved and be ready to act fast

2

Highlight school quality and community amenities in marketing

3

Advise sellers to price competitively but be prepared for multiple offers

4

Target move-up buyers and relocators with tailored messaging

5

Monitor new construction and zoning changes for future opportunities

Competitive Analysis

Comparable Markets

  • Overland Park 66213
  • Lenexa 66215
  • Gardner 66030

Market Positioning

Family-friendly, high-quality suburban living

Competitive Advantages

  • Lower crime, better schools, newer homes than many KC suburbs

Price Comparison

Slightly more affordable than Overland Park, pricier than Gardner

Investment Metrics

4.5-5.5% (single-family rentals)
Cap Rates
4-5% gross yield typical
Rental Yields
~16-18 (median home price vs. median rent)
Price-to-Rent
Positive for well-bought rentals, especially new builds
Cash Flow
2-3% annual appreciation expected
Appreciation

Buyer Journey Insights

First-Time Buyers

Need to be pre-approved and act quickly; starter homes available but competitive

Move-Up Buyers

Good selection of larger homes; can leverage equity from previous sales

Downsizers

Limited inventory of smaller, low-maintenance homes; some new townhomes

Investors

Strong rental demand, stable appreciation, low vacancy

Relocators

Attracted by schools, amenities, and job access; virtual tours and relocation services in demand

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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