Housing in Lawrence, KS is booming, with the median value at $273,700 - significantly lower than the US house median value of $338,100. The impressive house appreciation rate of 11.73% over the past year in Lawrence far exceeds the national average of 8.27%, making it a great investment opportunity for those looking to buy property in the city. This appreciation rate is likely to continue into the near future as demand for housing remains strong in Lawrence.
The median home cost in Lawrence is $273,700. Home appreciation the last 10 years has been 83.3%. Home Appreciation in Lawrence is up 13.7%.
Average Age of Homes
- The median age of Lawrence real estate is 31 years old
The Rental Market in Lawrence
- Renters make up 50.3% of the Lawrence population
- 3.0% of houses and apartments in Lawrence, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.