The Kansas City Chiefs are one of the most storied franchises in all of football. They were founded by Lamar Hunt in 1960, the same year he founded the American Football League (AFL) in hopes of rivaling the National Football League (NFL) – which they did for nearly 10 years.
The team was originally named the Dallas Texans, but Hunt decided to move the team to Kansas City as he was unimpressed by the Dallas-Fort Worth media market. They settled on the ‘Chiefs’ moniker as a result of a contest where fans voted on their favorite team name.
Over the franchise’s first decade of existence, the Chiefs made four playoff appearances and won three AFL Championships – including Super Bowl IV in 1969. In 1970, they were included in the NFL-AFL merger and officially became an NFL franchise – the team’s original goal in 1960.
The Chiefs Continue Their Storied Success
Between 1970 and 2012, the Kansas City Chiefs struggled to mimic their early successes – only making 12 playoff appearances and winning just three playoff games in that time. In 2013, they traded for quarterback Alex Smith and he started to finally turn the franchise around.
Smith led the Chiefs to four playoff appearances in five years, including two playoffs wins between 2013 and 2017. That’s when Patrick Mahomes stepped in and turned the Chiefs’ franchise into a dynasty the past few years. Under Mahomes, they’ve made the playoffs every year since 2018.
Not only that, but Mahomes won the MVP and Offensive Player of the Year award in 2018, losing to the Patriots in the AFC Championship. In 2019 and 2020, Mahomes led the Chiefs to back-to-back Super Bowl appearances – winning their second title in franchise history in 2019.
How the Kansas City Chiefs Have Impacted Housing in Kansas City
The Kansas City Chiefs are one of the most feared teams in the league, largely due to the chemistry between Patrick Mahomes and head coach Andy Reid. They have one of the best QBs of all-time, one of the best head coaches of all-time, and a talented supporting cast.
Now, you might be asking yourself – what does all of this have to do with the Kansas City real estate and housing market? It might surprise a lot of people, but the recent success of the Kansas City Chiefs is having a positive and much-needed impact on affordable housing in Kansas City.
In fact, the Chiefs’ successes are one of the big reasons why the Kansas City community is so popular among homebuyers looking to turn over a new leaf in a new city — as well as the Kansas City Royals. People from all over the country are choosing to settle down here – and the Chiefs are somewhat responsible.
1. Higher Demand
When a professional sports team is playing well – especially when they’ve made it to four AFC Championship games and appeared in two Super Bowls (winning one of them), all in the past four seasons. That success is going to draw a lot of attention to the Kansas City community.
And that attention usually means more of an interest in moving to Kansas City area, which leads to a higher demand in the housing market. People want to live in Kansas City, but they need a place to stay. With higher demand, home values in the KC area will indirectly and directly increase.
2. Lower Supply
Since more people are interested in moving to Kansas City, all those homes on the market are going to start finding buyers. As this happens, the supply will gradually decrease over time – while the demand continues to grow. This is great news for those that already own a home.
If you own a property in downtown Kansas City, a high demand and low supply is exactly what you want in the housing market. Your home’s value is bound to increase, as well as everyone else’s in your neighborhood. This will also stimulate the economy, but we’ll talk more about that further below.
3. Increased Property Value
An increase in property value can change a homeowner’s life completely. It gives them a new sense of confidence, makes them feel much more comfortable about their current financial situation, and gives them a flurry of options to consider – including selling the home for profit.
As your home’s value continues to increase, your home becomes more of an investment opportunity than a financial trap — especially rental properties. At any point, you can decide to sell the home, take your profits, and start a new life somewhere else. Of course, you can also sit on your investment long-term.
4. Increased Morale & Community
If there’s one thing we know better than anything else, it’s that the Kansas City community loves Patrick Mahomes and the Chiefs. The amount of joy and excitement they bring the community every year is unmatched in the NFL today – the fact they’re winning is only helping the cause.
This increase in morale and sense of community is huge for the housing market. Not only does it make the Kansas City metro area a much more attractive city to out-of-town, first-time buyers, but it also attracts new businesses and real estate investors to the area – all of which is good for property value.
5. Stimulate the Economy
The final impact a sports franchise like the Kansas City Chiefs has on the local real estate market is its effect on the economy. A successful sports franchise brings more opportunity to its fans – including an increase in jobs, new businesses, a sudden growth in tourism, and so much more.
You also have to account for the morale increase, which results in residents and fans being more comfortable with spending money. When their favorite sports team is doing well, the economy is on the up, and property value is high, residents end up spending money locally.
We Purchase Homes in the Kansas City Metropolitan Area
Are you impressed by how the Kansas City Chiefs have impacted housing in Kansas City? Do you think this is the perfect time to sell your home, knowing you’d be getting the best bang for your buck? Have you been looking for a reason to sell your home and move on? Do you want to avoid Missouri realtors?
If you answered ‘yes’ to any of those questions above, then we want to talk to you. At Sell Your House Fast Kansas City, we give homeowners an opportunity to sell their home in a hurry. We’ll send you a cash offer for the home and always close fast, so contact us today to learn more!
