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Lees Summit R-VII

Learn about the people, housing, costs and businesses in Lees Summit R-VII, Missouri

Median Home$245,876
Median Rent$1,221/month
Population457,368
Leading IndustriesHealthcare · Transportation · Professional Services12% healthcare
Home Value Growth⬆⬆+19.8% over 2 years
Young Adults32% of residentswell above average
Homeowners58% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Lees Summit R-VII
MO

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lees Summit R-VII?

As of today, the 30-year fixed mortgage rate for Lees Summit R-VII is approximately 6.923% (6.960% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lees Summit R-VII
What is the median home price in Lees Summit R-VII?

The median home value in Lees Summit R-VII is $246k. The median monthly rent is $1,221. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lees Summit R-VII?

Home values in Lees Summit R-VII have increased 19.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lees Summit R-VII?

Based on a typical all-in ownership cost of $1,236/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lees Summit R-VII is $72k/year.

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What industries drive the economy in Lees Summit R-VII?

The largest employment sectors in Lees Summit R-VII are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.