# Kansas

### Summary

Kansas state has a population of 2,932,099 people (1,139,738 households), out of which, 33% of the population are renter households. The median household income in the state is $40,280 and the median rent is $706. For every 100 low-income renter households, there are 106 units available that are affordable to them. There is currently no shortage or very minimal shortage of affordable rental units.

### Renter population data

#### Renters vs homeowners

|**Households**            | **% share**|
|-------------------|---------|
| Renter households          | 380,696 | 33.4%|
| Homeowner households       | 759,042 | 66.6%|
| Total households           | 1,139,738 | 100.0%|

#### Low-income renter households

| **Households**                    | **% share**|
|-------------------------------|---------|
| Extremely low-income  ≤30% AMI     | 47,786 | 12.6%|
| Very low-income       31-50% AMI   | 42,191 | 11.1%|
| Low-income          51-80% AMI    | 63,298 | 16.6%|
| All low-income households <80% AMI  | 153,275 | 40.3%|

#### Rent-burdened households

| **Households**        | **% share**|
|---------------|---------|
| Moderately rent-burdened  | 81,961 | 21.5%|
| 30.0–34.9%     | 30,863 | 8.1%|
| 35.0–39.9%     | 21,326 | 5.6%|
| 40.0-49.9%      | 29,772 | 7.8%|
| Severely rent-burdened   | 70,321 | 18.5%|
| ≥50.0%          | 70,321 | 18.5%|
| All rent-burdened households  | 152,282 | 40.0%|

### Affordable housing shortage

#### Rent vs median household income

- **Median household income** 
  - Amount ($) : 
    - in 2010: 29,029 
    - in 2021: 40,280 
    - Increase (2010–2021): 38.8%
- **Median rent** 
  - Amount ($) : 
    - in 2010: 507 
    - in 2021: 706 
    - Increase (2010–2021): 39.3%

#### Affordable housing stock

| **Units**             | **Value**|
|----------------|--------|
| Supply (current stock)              | 95,702 |
| Demand (total units needed)         | 89,977 |
| Shortage                             | -5,725 |
| Total shortage                       | -5,725 |
| Supply/demand ratio                  | 106.4% |

### Finance institutions

#### Kansas Housing Resources Corporation

Kansas Housing Resources Corporation  
611 S Kansas Avenue, Suite 300  
Topeka, KS 66603-3803

### QAP document (Qualified Allocation Plan)

The QAP is a document that states, and a few local agencies, must develop in order to distribute federal Low Income Housing Tax Credits (LIHTCs). The priorities must be appropriate to local conditions.

### Housing news

#### How Fed Rate Cuts Impact the Housing Market

The Federal Reserve’s recent rate cuts will influence the housing market, but the effects won't be immediate. Although lower rates make borrowing more affordable, the ongoing housing shortage and existing conditions in the market remain tough obstacles.

**Key Takeaways:**
- **Lower Mortgage Rates**: Fed rate cuts have already reduced the average 30-year mortgage rate, which dropped from a peak of 7.79% in late 2023 to around 6.2%.
- **Home Sales**: As rates decline, more homeowners might be encouraged to sell, which could help alleviate some of the housing market’s stagnation.
- **Ongoing Supply Issues:** Housing supply shortages will persist, especially in high-demand areas.

### Statistics for ELI & VLI renters

**S&D ratio = Supply & Demand Ratio**

### Rental population

| **Name**     | **Households** | **% share** | **Shortage of units** | **S&D ratio** |
|------------|----------------|--------------|-----------------------|---------------|
| County statistics coming soon... |

### Additional housing news

1. **Housing market won’t come ‘unstuck’ until 2026, economists predict — here’s why**  
   - Economists predict the US housing market won't recover until at least 2026.

2. **States With the Largest Homeless Populations** 
   - In 2023, the number of homeless individuals in the U.S. reached approximately 653,000.

3. **The homebuying affordability gap is widening across the country**  
   - Only 63% of counties are now affordable for median-income households, compared to 94% in 2019.

4. **Homelessness, already at a record high last year, appears to be worsening among workers**  
   - Rising costs and a lack of affordable housing options are forcing many employed individuals into homelessness.