Kansas City Multifamily Market Report – March 2025

Market Overview

Kansas City began 2025 with strong rent growth at 3.9% year-over-year, making it one of the top-performing metros in Yardi Matrix’s national ranking. Occupancy held at 94.5%, consistent with the national average. Over 6,700 units remain under construction, although new starts have declined in response to tighter capital markets. Demand continues to benefit from job creation in healthcare, education, and technology. In particular, the metro’s data center and logistics sectors are expanding rapidly, supporting stable renter demand across Class A and B products.

About Yardi Matrix

Yardi Matrix is the research and data analytics division of Yardi Systems, a global real estate technology company with over 8,000 employees. Known for their robust platform and data granularity, Matrix provides rent tracking, construction pipeline visibility, and forecasting tools for institutional and mid-size clients. The Kansas City report delivers an integrated view of supply and demand forces, helping investors anticipate changes in occupancy, pricing, and absorption by submarket.