Multi Family in Johnson County, KS

Multi family property in Johnson County is a hot commodity. Did you know that Johnson County ranks #4 nationally for number of college graduates for a county of it's size? Let's take a look at just how hot the market is:

-Sales averaged $121,021/unit in 2016 compared to a 5-year average of only $91,311/unit.
-Vacancy rates ended 2016 at 6.2% 
- With 2,739 units under construction
- Cap rates have been driven down to a county average of 5.4%