Lenexa, KS—66220
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 $660,000, with a year-over-year change of 3.1%. This indicates that home prices in Lenexa, KS are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $660,000 | 3.1% |
| Single Family | $661,000 | 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 | N/A | N/A |
3 Bed | $558,000 | 3.7% |
4 Bed | $657,000 | 3.1% |
| 5 Bed | $763,000 | 2.0% |
% of Housing Stock
Rental Trends — Lenexa, KS
As of July '25, Rentcast reports the average rent in Lenexa, KS is $2,750, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Lenexa, KS is 1-bedrooms: $1,420, 4-bedrooms: $3,200. The most common rental property sizes in Lenexa, KS are 1-bedroom and 2-bedroom, accounting for 46.7% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,420 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,700 | $3,200 |
% 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 79. This is a decrease of -29.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $849,000 | 8.0% |
Listing Count | 126 | 9.0% |
| Listings as % of Homes | 1.9% | 9.0% |
Days on Market | 79 | -29.0% |
Demographics — Lenexa, KS
As of the latest ACS Survey released in 2023, Lenexa, KS has a population of 8,170, which has increased by 13.9% over the past 5 years. Lenexa, KS is a popular place for families, as children make up 26.8% of the population. The area has a highly educated workforce, with 72.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,170 | 13.9% |
% Under 18 | 26.8% | -2.2% |
% Seniors | 15.7% | -7.1% |
% WFH | 28.2% | 151.8% |
% w/ College Degree | 72.7% | -1.0% |
As of the latest ACS Survey released in 2023, Lenexa, KS is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Lenexa, KS is black, making up 6.8% of the population. Foreign-born residents account for 5.2% of the population in Lenexa, KS, and this percentage has decreased by 3.7% 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 | 79.6% | -10.4% |
% Black | 6.8% | 223.8% |
% Hispanic | 3.3% | 50.0% |
% Asian | 5.5% | 3.8% |
% Foreign Born | 5.2% | -3.7% |
Mortgage and Risk — Lenexa, KS
According to HUD data as of 2023, there were 194 mortgage originations in Lenexa, KS, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Lenexa, KS. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lenexa, KS
Lenexa, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,420 | $1,360 |
| 2 Bedroom | N/A | N/A | $1,550 |
| 3 Bedroom | N/A | N/A | $2,020 |
| 4 Bedroom | -$310 | $2,700 | $2,390 |
Affordability — Lenexa, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $660,000 |
| Median Household Income | $171,000 |