Lawrence, KS—66046
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 $277,000, with a year-over-year change of 3.3%. This indicates that home prices in Lawrence, KS are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 3.3% |
| Single Family | $280,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 2.5% |
3 Bed | $274,000 | 2.6% |
4 Bed | $330,000 | 2.8% |
| 5 Bed | $385,000 | 1.3% |
% of Housing Stock
Rental Trends — Lawrence, KS
As of July '25, Rentcast reports the average rent in Lawrence, KS is $1,180, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Lawrence, KS is studios: $725, 1-bedrooms: $785, 2-bedrooms: $1,080, 3-bedrooms: $1,740, 4-bedrooms: $2,120. The most common rental property sizes in Lawrence, KS are 2-bedroom and 1-bedroom, accounting for 52.4% and 17.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,180 |
| Studio Rent | $730 | $725 |
| 1 Bed Rent | $785 | $785 |
| 2 Bed Rent | $1,050 | $1,080 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | $2,000 | $2,120 |
% 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 52. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | -2.0% |
Listing Count | 45 | -20.0% |
| Listings as % of Homes | 0.3% | -20.0% |
Days on Market | 52 | 26.0% |
Demographics — Lawrence, KS
As of the latest ACS Survey released in 2023, Lawrence, KS has a population of 20,000, which has increased by 2.7% over the past 5 years. Lawrence, KS is a moderately popular place for families, as children make up 16.1% of the population. The area has a highly educated workforce, with 45.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | 2.7% |
% Under 18 | 16.1% | -7.5% |
% Seniors | 10.0% | -6.5% |
% WFH | 11.2% | 128.6% |
% w/ College Degree | 45.5% | 7.6% |
As of the latest ACS Survey released in 2023, Lawrence, KS is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Lawrence, KS is asian, making up 9.1% of the population. Foreign-born residents account for 10.5% of the population in Lawrence, KS, and this percentage has increased by 2.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.5% | -0.6% |
% Black | 6.2% | -15.1% |
% Hispanic | 7.5% | -12.8% |
% Asian | 9.1% | 111.6% |
% Foreign Born | 10.5% | 2.9% |
Mortgage and Risk — Lawrence, KS
According to HUD data as of 2023, there were 309 mortgage originations in Lawrence, KS, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, KS. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 309 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lawrence, KS
As of 2024, the percent of homes in Lawrence, KS under the Section 8 program is 6.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lawrence, KS, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 369 |
Total Units Section 8 | 350 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 89.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $785 | $870 |
| 2 Bedroom | -$10 | $1,050 | $1,040 |
| 3 Bedroom | -$240 | $1,700 | $1,460 |
| 4 Bedroom | -$250 | $2,000 | $1,750 |
Affordability — Lawrence, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $277,000 |
| Median Household Income | $58,800 |