Lenexa, KS—66215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lenexa, KS
As of Oct '25, the median home price in Lenexa, KS is $381,000, with a year-over-year change of 3.5%. This indicates that home prices in Lenexa, KS are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | 3.5% |
| Single Family | $382,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 2.1% |
3 Bed | $339,000 | 4.3% |
4 Bed | $417,000 | 3.2% |
| 5 Bed | $481,000 | 3.4% |
% of Housing Stock
Rental Trends — Lenexa, KS
As of July '25, Rentcast reports the average rent in Lenexa, KS is $2,250, with a year-over-year rent change of 14.8%. Per bedroom, the median rent as of July '25 in Lenexa, KS is studios: $1,370, 1-bedrooms: $1,170, 2-bedrooms: $1,650, 3-bedrooms: $2,180, 4-bedrooms: $2,780. The most common rental property sizes in Lenexa, KS are 2-bedroom and 1-bedroom, accounting for 39.5% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,250 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,060 | $1,170 |
| 2 Bed Rent | $1,500 | $1,650 |
| 3 Bed Rent | $2,100 | $2,180 |
| 4 Bed Rent | $2,720 | $2,780 |
% of Rental Stock
Property Listings — Lenexa, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Lenexa, KS is 28. This is a decrease of -7.0% 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 | $394,000 | -2.0% |
Listing Count | 47 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 28 | -7.0% |
Demographics — Lenexa, KS
As of the latest ACS Survey released in 2023, Lenexa, KS has a population of 26,300, which has decreased by -1.2% over the past 5 years. Lenexa, KS is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 51.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | -1.2% |
% Under 18 | 19.3% | -5.4% |
% Seniors | 19.7% | -1.5% |
% WFH | 18.6% | 244.4% |
% w/ College Degree | 51.1% | 3.7% |
As of the latest ACS Survey released in 2023, Lenexa, KS is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Lenexa, KS is hispanic, making up 11.6% of the population. Foreign-born residents account for 9.9% of the population in Lenexa, KS, and this percentage has increased by 4.2% 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 | 73.6% | -5.8% |
% Black | 7.7% | 24.2% |
% Hispanic | 11.6% | 9.4% |
% Asian | 2.9% | 26.1% |
% Foreign Born | 9.9% | 4.2% |
Mortgage and Risk — Lenexa, KS
According to HUD data as of 2023, there were 194 mortgage originations in Lenexa, KS, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lenexa, KS. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lenexa, KS
As of 2024, the percent of homes in Lenexa, KS under the Section 8 program is 5.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lenexa, KS, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 237 |
Total Units Section 8 | 237 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,060 | $1,360 |
| 2 Bedroom | $50 | $1,500 | $1,550 |
| 3 Bedroom | -$80 | $2,100 | $2,020 |
| 4 Bedroom | -$330 | $2,720 | $2,390 |
Affordability — Lenexa, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $381,000 |
| Median Household Income | $89,100 |