Lenexa KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lenexa, KS Real Estate Data

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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lenexa Housing Market Information

With 55,294 people, 21,338 houses or apartments, and a median cost of homes of $315,092, 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 57.82% of the city's housing units. Other types of housing that are prevalent in Lenexa include large apartment complexes or high rise apartments ( 28.21%), row houses and other attached homes ( 8.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.87%).

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 61.41% owning and 38.59% 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 ( 26.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.95%). There's also some housing in Lenexa built before 1939 ( 1.06%).

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 40.63%, which ranks in the top 30% nationwide. This equates to an annual average Lenexa house appreciation rate of 3.47%.

NeighborhoodScout's data show that during the latest twelve months, Lenexa's appreciation rate, at 4.83%, has been at or slightly above the national average. In the latest quarter, Lenexa's appreciation rate has been 0.07%, which annualizes to a rate of 0.26%.

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:
$315,092

Lenexa, KS HOME PRICES

Value Range
> $1,210,000 0.4
$908,001 - $1,210,000 0.8
$605,001 - $908,000 4.7
$484,001 - $605,000 7.5
$363,001 - $484,000 17.2
$242,001 - $363,000 38.7
$121,001 - $242,000 26.8
$61,001 - $121,000 1.8
$0 - $61,000 2.2

Very High for KS
Very High for Nation

Value Relative to Nation Value Relative to State
18.5868613138686 3.18021201413428

Number Of Homes And Apartments:
21,338

Lenexa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
61.82% 2.44%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,503 / per month

Homeownership Rate

Homeownership
Owners 61.41
Renters 38.59
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Lenexa HOMES
2000 or Newer 26.4
1970 - 1999 64.6
1940 - 1969 8.0
1939 or Older 1.1

Types of Homes

TYPE OF Lenexa HOMES
Single-Family 57.8
Townhomes 8.9
Small Apt. Buildings 4.9
Apt. Complexes 28.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lenexa HOMES
No Bedroom 0.60
1 Bedroom 14.55
2 Bedrooms 20.12
3 Bedrooms 24.21
4 Bedrooms 33.44
5 or more bedrooms 7.09