Lawrence, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lawrence, KS Real Estate Data


Lawrence Housing Market Information

With a population of 93,917, 34,913 total housing units (homes and apartments), and a median house value of $180,732, Lawrence real estate is some of the most expensive in Kansas, although Lawrence home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lawrence, accounting for 48.49% of the city's housing units. Other types of housing that are prevalent in Lawrence include large apartment complexes or high rise apartments ( 26.25%), duplexes, homes converted to apartments or other small apartment buildings ( 12.12%), and a few row houses and other attached homes ( 10.52%).

The most prevalent building size and type in Lawrence are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.84% owning and 58.16% renting.

There is a lot of housing in Lawrence built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawrence built between 2000 and later ( 20.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.24%). There's also some housing in Lawrence built before 1939 ( 9.43%).

Lawrence Home Appreciation Rates

Appreciation rates for homes in Lawrence have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.41%, which ranks in the top 50% nationwide. This equates to an annual average Lawrence house appreciation rate of 0.34%.

Appreciation rates are so strong in Lawrence that despite a nationwide downturn in the housing market, Lawrence real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawrence appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 75.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawrence. Lawrence appreciation rates in the latest quarter were at -0.06%, which equates to an annual appreciation rate of -0.26%.

Relative to Kansas, our data show that Lawrence's latest annual appreciation rate is higher than 80% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lawrence differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawrence - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lawrence real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$180,732

Lawrence, KS HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.5
$542,001 - $813,000 1.9
$433,001 - $542,000 2.7
$325,001 - $433,000 7.5
$217,001 - $325,000 23.4
$108,001 - $217,000 53.7
$54,001 - $108,000 4.5
$0 - $54,000 5.8

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
37.5424821282081 11.7021276595745

Number Of Homes And Apartments:
34,913

Rent & Ownership

 

Average Market Rent:
$924 / per month

Homeownership Rate

Homeownership
Owners 41.84
Renters 58.16
Vacant 8.58

Housing Market Details

 

Age of Homes

AGE OF Lawrence HOMES
2000 or Newer 20.3
1970 - 1999 52.0
1940 - 1969 18.2
1939 or Older 9.4

Types of Homes

TYPE OF Lawrence HOMES
Single-Family 48.5
Townhomes 10.5
Small Apt. Buildings 12.1
Apt. Complexes 26.3
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Lawrence HOMES
No Bedroom 2.94
1 Bedroom 13.50
2 Bedrooms 27.64
3 Bedrooms 33.76
4 Bedrooms 16.86
5 or more bedrooms 5.29

Lawrence Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
37.83% 1.88% 4 4
* 10 is highest