Overland Park estimates population growth as median household income rises and housing challenges persist

Overland Park is on the rise, with city officials revealing an estimated population of 207,990 for 2024, reflecting ongoing growth since its incorporation in 1960. This estimate comes after a recent challenge to the Census Bureau, which has agreed to adjust its figures based on the city’s review. Residents can expect updated population numbers later this summer.

The meeting highlighted a significant demographic shift, with the median age in Overland Park increasing, mirroring a national trend as the baby boomer generation ages. From 2010 to 2020, the U.S. population over 65 grew by over 38%, five times faster than the overall population growth of 7.4%.

In terms of economic indicators, the median household income in Overland Park has risen by 20% over the past five years, reaching $130,838. However, this increase is outpaced by a 39% rise in median home values, raising concerns about housing affordability. While most households spend less than 20% of their income on housing, renters face a more significant challenge, with many paying 30% or more.

The housing market remains tight, with low vacancy rates attributed to limited supply. Recent developments, including larger apartment complexes, have slightly improved the rental vacancy rate, but challenges persist across Johnson County.

On the employment front, Overland Park's labor force continues to grow, with a steady unemployment rate since the spike in 2020. Notably, over 50% of the labor force commutes from other cities, indicating the area's appeal as a residential choice for many workers.

As Overland Park navigates these demographic and economic changes, city officials remain focused on addressing housing and labor market challenges to ensure sustainable growth for the community.