Lawrence, KS—66049
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 $380,000, with a year-over-year change of 4.7%. 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 | $380,000 | 4.7% |
| Single Family | $383,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $146,000 | -6.4% |
2 Bed | $222,000 | 3.3% |
3 Bed | $324,000 | 4.2% |
4 Bed | $432,000 | 4.1% |
| 5 Bed | $565,000 | 3.7% |
% of Housing Stock
Rental Trends — Lawrence, KS
As of July '25, Rentcast reports the average rent in Lawrence, KS is $1,380, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Lawrence, KS is studios: $737, 1-bedrooms: $988, 2-bedrooms: $1,130, 3-bedrooms: $1,660, 4-bedrooms: $3,250. The most common rental property sizes in Lawrence, KS are 2-bedroom and 1-bedroom, accounting for 37.3% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,380 |
| Studio Rent | $710 | $737 |
| 1 Bed Rent | $952 | $988 |
| 2 Bed Rent | $1,190 | $1,130 |
| 3 Bed Rent | $1,800 | $1,660 |
| 4 Bed Rent | $2,900 | $3,250 |
% 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 increase of 3.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $431,000 | -1.0% |
Listing Count | 113 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 34 | 3.0% |
Demographics — Lawrence, KS
As of the latest ACS Survey released in 2023, Lawrence, KS has a population of 31,400, which has increased by 1.8% over the past 5 years. Lawrence, KS is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 61.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 1.8% |
% Under 18 | 21.3% | -2.3% |
% Seniors | 17.0% | 20.6% |
% WFH | 18.8% | 337.2% |
% w/ College Degree | 61.6% | -1.9% |
As of the latest ACS Survey released in 2023, Lawrence, KS is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Lawrence, KS is asian, making up 5.4% of the population. Foreign-born residents account for 7.0% of the population in Lawrence, KS, and this percentage has decreased by 12.5% 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 | 77.2% | -4.9% |
% Black | 4.4% | 57.1% |
% Hispanic | 4.2% | -6.7% |
% Asian | 5.4% | -28.0% |
% Foreign Born | 7.0% | -12.5% |
Mortgage and Risk — Lawrence, KS
According to HUD data as of 2023, there were 501 mortgage originations in Lawrence, KS, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Lawrence, 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 | 501 |
% 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 — Lawrence, KS
As of 2024, the percent of homes in Lawrence, KS under the Section 8 program is 2.4%. 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 Lawrence, KS, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 183 |
Total Units Section 8 | 158 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $58 | $952 | $1,010 |
| 2 Bedroom | $10 | $1,190 | $1,200 |
| 3 Bedroom | -$120 | $1,800 | $1,680 |
| 4 Bedroom | -$880 | $2,900 | $2,020 |
Affordability — Lawrence, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $380,000 |
| Median Household Income | $90,800 |