Quick facts: Lees summit, MO

Quick Facts

94.1
Cost of Living
below US average
103,465
Population
22.47
Crime Rate per 1000
below US average
$103,447
Median Income
above US average
$470,000
Median House Price
above US average
$2920.08
Average Rent
above US average
5%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $103,447.

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Income Needed to Buy

βœ— Stretch
$147k/year
Based on $470,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $147k vs median $103,447
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Income Needed to Rent

⚠ Stretch
$125k/year
Based on $2920.08/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $125k vs median $103,447
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lees summit, MO

Lee's Summit is a vibrant city located in the western part of Missouri, just southeast of Kansas City. Known for its picturesque parks and strong community spirit, it boasts a charming downtown area that features an array of shops, restaurants, and cultural venues. The city has a rich history, illustrated by its historic buildings and annual events that celebrate local heritage. Outdoor enthusiasts will enjoy Lee's Summit's numerous parks, such as the popular Legacy Park and the scenic Longview Lake, which offer recreational activities like hiking, fishing, and picnicking. The city is also home to an active arts scene, with galleries, theaters, and music festivals that highlight local talent. Education is a priority in Lee's Summit, with highly-rated public and private schools, as well as proximity to higher education institutions. The city's economy is robust, with diverse job opportunities in sectors such as healthcare, education, and retail. Overall, Lee's Summit is a welcoming place for families and individuals alike, offering a blend of suburban comfort and vibrant urban amenities.

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