There probably is no hotter market now than Kansas City. A large, prosperous, self-sufficient, and culturally-rich city, it is no wonder why it has seen a continuous rise in its employment, directly impacting the local real estate. In today’s Market Spotlight, Marco Santarelli takes us across the Kansas City market that he has been investing in since 2005. He talks with one of his property providers in the area to further discuss the market and the opportunities there. They tap into the combination of cash flow markets and appreciation markets found in the city, the rental demand and rent growth, as well as the desirability of its neighborhoods. Tune in further to this episode to discover why Kansas has long been the envy of many and more.

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Market Spotlight - Kansas City, MO
The Midwest is one of the most affordable places to live in the country, and Kansas City is right at the heart of this region. Kansas City is a large, prosperous, self-sufficient and culturally rich city located right along the Missouri River. It is the largest city in the state of Missouri, famous for its distinct barbecue cuisine and jazz heritage. It's nicknamed the City of Fountains for obvious reasons. They have hundreds if not thousands of fountains throughout the city. Kansas City has seen a continuous rise in its employment over the last few years, a trend that directly impacts the local real estate market. The market is still in a wealth phase where the inflation-adjusted rate of appreciation is greater than zero.

In the past years, real estate has appreciated about 3.5%. The real estate market forecast is that home prices will continue to increase somewhere roughly by about 3.9% over the next several months according to the real estate data coming out from Zillow, as demand continues to exceed the supply. The Kansas City real estate market is hot. In many ways, it's the envy of many people on both coasts. It is also one of the hottest real estate markets for affordable rental real estate investments. That is why we've been in this market for so long. We've been selling rental property in the Kansas City, Missouri metropolitan area since 2005. We have onboarded a new property provider, someone I've known for many years. They have great properties in good locations and with solid returns. I felt it was appropriate to revisit the Kansas City market and talk about the opportunities there.
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With me now is Nathan. He is one of our newest and exciting property providers in the Kansas City Metro area. We're happy to have him on board. Nathan, welcome to the show.

Marco, thank you so much for having me.

It's great to have you on. We've always loved Kansas City. I've been an investor there for a long time. I like to refer to some of the markets we're in as perennial markets that we've been in for what seems like forever. I can tell you that we've been selling property in Kansas City since 2005. It is a favorite market. I know you like it too. Let's talk about the market. What can you tell us about Kansas City? It's very popular with investors. From a high level, why invest in Kansas City, Missouri?

We love Kansas City for several reasons. First, a lot of times investors think about cashflow markets versus appreciation markets. One of the things I like about it and a lot of investors like about it is that you get a balance of both.