Kansas City continues to prove itself as a valuable place for real estate investors, so it was no surprise to see that Kansas City made it to #1 on Bigger Pocket’s rating of the Top 5 Recession-Proof Housing Markets in 2023! While there is some level of uncertainty across the general housing market, Kansas City is holding out as a stable and attractive location for real estate investment, even during economic downturns. Here’s what’s attracting people to the area: 

1. Diverse economy and upcoming global events: Kansas City has a diversified economy, with a mix of industries that include healthcare, education, finance, and technology. For example, in 2024, Meta’s (Facebook) $800 million data center is set to be completed in North Kansas City. In April 2023 the city will host the NFL Draft, and a new stadium for the KC Women’s MLS team will be constructed by 2024. Perhaps the most significant development of all is the announcement that Kansas City will host the World Cup in 2026. This event will bring in visitors from around the world, showcasing the city’s vibrant culture and welcoming atmosphere on a global scale. To better accommodate the increase in travel the city will be experiencing, a $1.5 Billion new airport terminal was just completed this March, offering an enhanced travel experience for both visitors and locals. 

2. Low cost of living: Compared to other major metropolitan areas in the United States, Kansas City has a relatively low cost of living. This makes it an attractive location for people who want to own property and businesses without the high overhead costs associated with other cities. 

3. Steady population growth: Kansas City has seen steady population growth over the years, with people relocating to the area for its job opportunities, quality of life, and affordable housing. This sustained population growth helps to maintain demand for real estate in the region. 

4. Limited new construction: There is limited new construction in the Kansas City area, which helps to keep supply levels in check and prevent oversupply. This can help to maintain stable real estate prices and limit the impact of economic downturns on the market. 

Overall, these factors make Kansas City a relatively stable and recession-proof real estate market that can provide long-term value for investors. 

Interested in learning more? Contact us or call us directly at 816-249-1841.