Lawrence, KS—66047
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 $341,000, with a year-over-year change of 4.0%. This indicates that home prices in Lawrence, KS are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 4.1% |
| Single Family | $344,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $209,000 | 2.5% |
2 Bed | $248,000 | 3.3% |
3 Bed | $301,000 | 3.8% |
4 Bed | $398,000 | 3.1% |
| 5 Bed | $600,000 | 2.7% |
% of Housing Stock
Rental Trends — Lawrence, KS
As of July '25, Rentcast reports the average rent in Lawrence, KS is $1,770, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Lawrence, KS is studios: $855, 1-bedrooms: $1,080, 2-bedrooms: $1,310, 3-bedrooms: $2,030, 4-bedrooms: $2,480. The most common rental property sizes in Lawrence, KS are 2-bedroom and 3-bedroom, accounting for 27.3% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,770 |
| Studio Rent | $855 | $855 |
| 1 Bed Rent | $1,100 | $1,080 |
| 2 Bed Rent | $1,180 | $1,310 |
| 3 Bed Rent | $1,900 | $2,030 |
| 4 Bed Rent | $2,300 | $2,480 |
% 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 34. This is a decrease of -4.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $416,000 | 11.0% |
Listing Count | 47 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 34 | -4.0% |
Demographics — Lawrence, KS
As of the latest ACS Survey released in 2023, Lawrence, KS has a population of 20,300, which has increased by 2.1% over the past 5 years. Lawrence, KS is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 54.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,300 | 2.1% |
% Under 18 | 19.2% | 9.1% |
% Seniors | 16.5% | 19.6% |
% WFH | 11.6% | 213.5% |
% w/ College Degree | 54.9% | 2.6% |
As of the latest ACS Survey released in 2023, Lawrence, KS is a predominantly white area, with 73.2% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Lawrence, KS is hispanic, making up 13.0% of the population. Foreign-born residents account for 7.2% of the population in Lawrence, KS, and this percentage has decreased by 35.1% 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 | 73.2% | -1.6% |
% Black | 3.2% | -20.0% |
% Hispanic | 13.0% | 106.3% |
% Asian | 3.7% | -54.9% |
% Foreign Born | 7.2% | -35.1% |
Mortgage and Risk — Lawrence, KS
According to HUD data as of 2023, there were 237 mortgage originations in Lawrence, KS, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lawrence, KS. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 237 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lawrence, KS
As of 2024, the percent of homes in Lawrence, KS under the Section 8 program is 6.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lawrence, KS, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 287 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 91.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,100 | $1,020 |
| 2 Bedroom | $30 | $1,180 | $1,210 |
| 3 Bedroom | -$200 | $1,900 | $1,700 |
| 4 Bedroom | -$270 | $2,300 | $2,030 |
Affordability — Lawrence, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $341,000 |
| Median Household Income | $61,500 |