Lenexa, KS—66227
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 $557,000, with a year-over-year change of 4.2%. This indicates that home prices in Lenexa, KS are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $557,000 | 4.2% |
| Single Family | $561,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $341,000 | 0.9% |
3 Bed | $388,000 | 1.3% |
4 Bed | $611,000 | 3.4% |
| 5 Bed | $694,000 | 3.4% |
% of Housing Stock
Rental Trends — Lenexa, KS
As of July '25, Rentcast reports the average rent in Lenexa, KS is $2,220, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Lenexa, KS is 1-bedrooms: $1,300, 2-bedrooms: $2,040, 3-bedrooms: $2,260, 4-bedrooms: $2,700. The most common rental property sizes in Lenexa, KS are 3-bedroom and 2-bedroom, accounting for 52.7% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | $2,000 | $2,040 |
| 3 Bed Rent | $2,300 | $2,260 |
| 4 Bed Rent | $2,700 | $2,700 |
% 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 73. This is a decrease of -14.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $691,000 | -1.0% |
Listing Count | 153 | -3.0% |
| Listings as % of Homes | 3.6% | -3.0% |
Days on Market | 73 | -14.0% |
Demographics — Lenexa, KS
As of the latest ACS Survey released in 2023, Lenexa, KS has a population of 8,900, which has increased by 43.7% over the past 5 years. Lenexa, KS is a popular place for families, as children make up 27.6% of the population. The area has a highly educated workforce, with 67.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,900 | 43.7% |
% Under 18 | 27.6% | -2.8% |
% Seniors | 19.8% | 67.8% |
% WFH | 23.6% | 140.8% |
% w/ College Degree | 67.6% | 19.6% |
As of the latest ACS Survey released in 2023, Lenexa, KS is a predominantly white area, with 84.7% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Lenexa, KS is black, making up 4.6% of the population. Foreign-born residents account for 4.1% of the population in Lenexa, KS, and this percentage has decreased by 18.0% 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 | 84.7% | -6.5% |
% Black | 4.6% | 1,050.0% |
% Hispanic | 4.3% | 65.4% |
% Asian | 2.0% | -62.3% |
% Foreign Born | 4.1% | -18.0% |
Mortgage and Risk — Lenexa, KS
According to HUD data as of 2023, there were 284 mortgage originations in Lenexa, KS, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lenexa, KS. Investor activity is low, as 1.0% 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 | 284 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lenexa, KS
As of 2024, the percent of homes in Lenexa, KS under the Section 8 program is 7.3%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lenexa, KS, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 96 |
Total Units Section 8 | 96 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,300 | $1,750 |
| 2 Bedroom | -$10 | $2,000 | $1,990 |
| 3 Bedroom | $300 | $2,300 | $2,600 |
| 4 Bedroom | $370 | $2,700 | $3,070 |
Affordability — Lenexa, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $557,000 |
| Median Household Income | $133,000 |