Impact of USDA Boundary Changes and Gardner-Edgerton Intermodal on Johns...

The times... they are a'changing!

There are BIG CHANGES in the Johnson County Kansas real estate market as the BNSF Intermodal and Logistics Park KC are scheduled to begin operations in the next several weeks, while USDA lending boundaries are set to change on October 1st.

Located in the small town of Edgerton, Kansas, in southwestern Johnson County, the Intermodal is expected to hire 500 direct employees and anywhere from 7,000 to 15,000 indirect employees, depending on which source you read. While large-scale relocation to Johnson County is not expected in the near future, there already appears to be an uptick in housing prices in nearby Gardner.



Until now, Gardner, Edgerton and all points south have been eligible for USDA rural development home loans. As of October 1st, those boundaries will be extended making previously eligible areas unavailable. In this video, Rick Woodruff of Metropolitan Mortgage (913-266-5800) shows the new USDA boundaries and discusses other types of financing available in these areas.

Although It is self-evident that the small town of Edgerton is in for sizable growth in business and housing as we move forward, it is equally as clear that the cities of Gardner, Spring Hill and Olathe are positioned to benefit early in the process from the perspective of existing infrastructure and housing.

During the housing crisis beginning in 2007-2008, the Gardner and Spring Hill markets in particular, suffered annual declines in real estate between 3-7% depending on specific location. The most recent statistics available reveal that Gardner sellers are now receiving more than 97% of Original List Price.

Please reach out to us today for up-to-date market information and for your next steps to purchasing a home in Johnson County, Kansas. We look forward to earning your business (913-912-3470) and helping you find the right home for you and your family!