Real Estate in Lawrence, KS
Updated 2026 • Housing market data from 4 zip codes • Redfin data through January 2026
📊 Lawrence, KS Market Activity
The Lawrence housing market shows a median sale price of $295,086, -6.0% lower than last year. The price per square foot is $188, below the national median of ~$215/sqft, up 3.0% year-over-year. Homes in Lawrence spend a median of 56 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Lawrence Rental Market
The average rent in Lawrence, KS is $1,660 per month. A 2-bedroom apartment rents for approximately $1,350/month, while a 3-bedroom home averages $1,844/month.
📦 Lawrence Housing Supply & Demand
There are 169 new listings and 166 active properties on the market.
🏆 Lawrence Market Competitiveness
Homes in Lawrence sell for an average of 98.0% of their asking price. About 16% of properties sell above list price, indicating moderate buyer competition.
On average, homes sell for 98.0% of the asking price
16% of sales closed above asking, % at or below
📋 Housing Overview
Lawrence, KS Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 379250, the balance between renting (56%) and owning (44%), and a population of 95794 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $379,250 and average rents of $1,660/month, the median household income of $59,834 provides context for affordability in Lawrence. Whether you're looking to buy property in Lawrence or invest in Lawrence real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,350/month, while a 3-bedroom house averages $1,844/month.
Economy & What Drives Lawrence Real Estate
Real estate values in Lawrence, KS are driven by local employment, school quality, and quality of life. The cost of living index of 96.7 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $59,834, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Lawrence neighborhoods.
Pros & Cons
Pros
- •Friendly community vibe
- •Diverse cultural events
- •Safety in neighborhoods
- •Rich history and art scene
- •Nearby outdoor activities
- •Supportive local businesses
- •Active nightlife scene
- •Strong local schools
- •Affordable housing options
- •Good job market availability
Cons
- •Some areas lacking nightlife
- •Higher crime rates in some areas
- •Political divide among residents
- •Few options for upscale dining
- •Seasonal job fluctuations
- •Less diversity in some neighborhoods
- •Some residents report racism
- •Limited public transport options
- •Limited family activities
- •Weather can be extreme
Frequently Asked Questions
What is the cost of living in Lawrence, KS? ▼
The cost of living in Lawrence, KS is 3% lower than the national average, with a cost of living index of 97 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Lawrence, KS? ▼
In Lawrence, KS, The median home price is $379,250. requiring approximately $124,125 annual income to afford. Average rent is $1,660/month (requiring ~$66,385/year income). The local median household income is $59,834, making homeownership challenging for typical residents. Explore Lawrence real estate data →
Is Lawrence, KS a safe place to live? ▼
Lawrence, KS is average in terms of safety, with crime rates near the national average. The crime rate is 26.6 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Lawrence crime statistics →
What salary do you need to live comfortably in Lawrence, KS? ▼
To live comfortably in Lawrence, KS and afford a median-priced home of $379,250, you would typically need a household income of $94,812 to $118,516 per year. The local median household income is $59,834. Renting requires approximately $66,385/year (at $1,660/month). See full affordability analysis →
Is Lawrence, KS growing? ▼
Lawrence, KS has a population of 95,794. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The moderately priced housing market and competitive job market shape migration patterns. See Lawrence population demographics →
What are the best neighborhoods in Lawrence, KS? ▼
The best neighborhoods in Lawrence, KS depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $379,250 is below the national average. Explore Lawrence on our interactive map →
What is the commute like in Lawrence, KS? ▼
Commute times in Lawrence, KS vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Lawrence, KS? ▼
Tax rates in Lawrence, KS include state and local components. The cost of living index of 97 reflects a moderate cost environment compared to the national average. View detailed Lawrence tax information →
How does Lawrence, KS compare to nearby cities? ▼
Lawrence, KS offers a more affordable alternative to nearby communities. With a cost of living index of 97, median home prices of $379,250, and a crime rate of 26.58 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Lawrence, KS? ▼
Weather in Lawrence, KS varies by season. Climate data varies by season. View detailed Lawrence climate & environment data →
Is it better to rent or buy in Lawrence, KS? ▼
With a median home price of $379,250 and average rents of $1,660/month, the price-to-rent ratio in Lawrence is 19.0x. This suggests buying is reasonable for those planning to stay 5+ years. See full cost analysis →
What is the price per square foot in Lawrence, KS? ▼
The median price per square foot in Lawrence is $188, which is 12% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Lawrence, KS? ▼
Homes in Lawrence spend a median of 56 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Lawrence, KS
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin