Rental and single-family housing costs and supply show early indications of a changing direction. Is this a blip or will a trend towards a more affordable market emerge?

If you’ve been feeling the strain in the Kansas City housing market over the last two years, you’re not alone. Rents have increased by 20% since 2019, while median household income grew only 12% over a similar period.1 Rents outstripping incomes is an indication that the area’s supply of housing is not keeping up with demand.