Life is unpredictable. From illness to divorce to job loss, many factors can take a toll on your income that can leave you struggling to pay your monthly mortgage payments on time. If you have lost your job and are unable to make your monthly mortgage payments, job loss mortgage insurance can help cover those […]
Understanding Kansas City Neighborhoods for Real Estate
If you are a loan officer who works at a mortgage company in Kansas City, it’s important to understand the real estate trends in your neighborhoods. There are several different areas that make up the Kansas City region. Kansas City is the second largest city in Missouri and has some distinct and diverse districts. Knowing the neighborhoods will help you understand and assist your customers. A few areas in particular are:
- River Market
Brookside: Small Town Perks in the Big City
Brookside is home to nearly 11,000 people and is 20 minutes west of the suburbs of Lee’s Summit. The area is known for its small town feel within the big city. The median household income in this sector is $100,000. Buyers who are looking for older homes will gravitate towards Brookside. It is a family oriented community with easy accessibility to grocery stores, specialty markets and locally owned restaurants.
River Market: Youth Revival
River Market, next door to Northland is home to the Midwest’s largest farmers market. This revitalized neighborhood is popular with young professionals and urban enthusiasts. Most individuals who live in River Market prefer to commute by foot or bicycle. The four square mile area is mostly comprised of many loft and condominium buildings.
Westside: The Melting Pot
Located just 20 minutes north of Leawood, Kansas is the Westside sector. If you would like to work at a mortgage company in Kansas City’s Westside, you can expect your clients to have a variety of different cultures. There is a strong Mexican-American population and it continues to become increasingly multiracial and multicultural. The largest age range is from late 20s to early 30s. Westside is actually one of Kansas City’s most diverse neighborhoods. Many homebuyers and owners have chosen to fix up existing homes in this area and also build new, modern residences.