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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lenexa, KS Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lenexa, KS Housing Market Trends

With 58,617 people, 24,199 houses or apartments, and a median cost of homes of $445,714, Lenexa real estate is some of the most expensive in Kansas, although Lenexa home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Lenexa, accounting for 56.42% of the city's housing units. Other types of housing that are prevalent in Lenexa include large apartment complexes or high rise apartments ( 29.85%), row houses and other attached homes ( 8.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.84%).

The most prevalent building size and type in Lenexa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.78% owning and 43.22% renting.

There is a lot of housing in Lenexa 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 Lenexa built between 2000 and later ( 36.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.34%). There's also some housing in Lenexa built before 1939 ( 2.23%).

Lenexa Home Appreciation Rates

Appreciation rates for homes in Lenexa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.90%, which ranks in the top 40% nationwide. This equates to an annual average Lenexa house appreciation rate of 6.85%.

NeighborhoodScout's data show that during the latest twelve months, Lenexa's appreciation rate, at 6.31%, has been at or slightly above the national average. In the latest quarter, Lenexa's appreciation rate has been -0.75%, which annualizes to a rate of -2.96%.

Notably, Lenexa's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kansas, our data show that Lenexa's latest annual appreciation rate is higher than 70% 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 Lenexa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lenexa - 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 Lenexa real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$445,714

Lenexa, KS Home Prices
> $1,332,000
$999,001 - $1,332,000
$666,001 - $999,000
$533,001 - $666,000
$400,001 - $533,000
$266,001 - $400,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
1.1%
1.1%
2.4%
2.4%
15.0%
15.0%
15.1%
15.1%
28.4%
28.4%
28.7%
28.7%
7.3%
7.3%
0.3%
0.3%
1.7%
1.7%
0% 100.0%
% of Homes
Very High

for Kansas

High

for nation

Number of Homes And Apartments:

24,199

Lenexa Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,106 / per month

Homeownership Rate

Owners
Renters
56.8%
56.8%
43.2%
43.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.9%
4.9%
95.1%
95.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.0%
36.0%
55.4%
55.4%
6.3%
6.3%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.4%
56.4%
8.8%
8.8%
4.8%
4.8%
29.8%
29.8%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
15.9%
15.9%
17.5%
17.5%
21.2%
21.2%
35.3%
35.3%
7.8%
7.8%
0% 100.0%
% of Homes