Lawrence, KS—66044
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawrence, KS
As of Oct '25, the median home price in Lawrence, KS is $265,000, with a year-over-year change of 5.6%. This indicates that home prices in Lawrence, KS are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 5.6% |
| Single Family | $268,000 | 5.1% |
| Condos | $165,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 1.8% |
2 Bed | $209,000 | 7.2% |
3 Bed | $267,000 | 5.5% |
4 Bed | $372,000 | 5.7% |
| 5 Bed | $505,000 | 7.9% |
% of Housing Stock
Rental Trends — Lawrence, KS
As of July '25, Rentcast reports the average rent in Lawrence, KS is $1,200, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Lawrence, KS is studios: $722, 1-bedrooms: $911, 2-bedrooms: $1,210, 3-bedrooms: $1,570, 4-bedrooms: $1,980. The most common rental property sizes in Lawrence, KS are 2-bedroom and 1-bedroom, accounting for 38.5% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,200 |
| Studio Rent | $625 | $722 |
| 1 Bed Rent | $875 | $911 |
| 2 Bed Rent | $1,100 | $1,210 |
| 3 Bed Rent | $1,400 | $1,570 |
| 4 Bed Rent | $1,500 | $1,980 |
% of Rental Stock
Property Listings — Lawrence, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence, KS is 41. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 22.0% |
Listing Count | 58 | -15.0% |
| Listings as % of Homes | 0.2% | -15.0% |
Days on Market | 41 | -35.0% |
Demographics — Lawrence, KS
As of the latest ACS Survey released in 2023, Lawrence, KS has a population of 29,100, which has increased by 1.2% over the past 5 years. Lawrence, KS is a less popular place for families, as children make up 11.8% of the population. The area has a highly educated workforce, with 53.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 1.2% |
% Under 18 | 11.8% | -7.1% |
% Seniors | 10.3% | 47.1% |
% WFH | 13.6% | 288.6% |
% w/ College Degree | 53.6% | 13.8% |
As of the latest ACS Survey released in 2023, Lawrence, KS is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Lawrence, KS is hispanic, making up 7.0% of the population. Foreign-born residents account for 4.5% of the population in Lawrence, KS, and this percentage has decreased by 15.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -3.7% |
% Black | 3.9% | -7.1% |
% Hispanic | 7.0% | 0.0% |
% Asian | 3.0% | -18.9% |
% Foreign Born | 4.5% | -15.1% |
Mortgage and Risk — Lawrence, KS
According to HUD data as of 2023, there were 245 mortgage originations in Lawrence, KS, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, KS. Investor activity is high, as 16.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 245 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 16.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lawrence, KS
As of 2024, the percent of homes in Lawrence, KS under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lawrence, KS, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 602 |
Total Units Section 8 | 284 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $875 | $990 |
| 2 Bedroom | $40 | $1,100 | $1,140 |
| 3 Bedroom | $110 | $1,400 | $1,510 |
| 4 Bedroom | $310 | $1,500 | $1,810 |
Affordability — Lawrence, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $265,000 |
| Median Household Income | $56,300 |