Lenexa, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lenexa Neighborhoods Since 2000




Lenexa, KS Real Estate Data


Lenexa Housing Market Information

With 52,490 people, 20,006 houses or apartments, and a median cost of homes of $272,826, 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 60.24% of the city's housing units. Other types of housing that are prevalent in Lenexa include large apartment complexes or high rise apartments ( 26.44%), row houses and other attached homes ( 9.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.31%).

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 62.77% owning and 37.23% 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 ( 21.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.62%). There's also some housing in Lenexa built before 1939 ( 1.01%).

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 13.58%, which ranks in the top 30% nationwide. This equates to an annual average Lenexa house appreciation rate of 1.28%.

Appreciation rates are so strong in Lenexa that despite a nationwide downturn in the housing market, Lenexa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lenexa appreciation rates continue to be some of the highest in America, at 7.02%, which is higher than appreciation rates in 80.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lenexa. Lenexa appreciation rates in the latest quarter were at 1.39%, which equates to an annual appreciation rate of 5.67%.

Relative to Kansas, our data show that Lenexa's latest annual appreciation rate is higher than 90% 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:
$272,826

Lenexa, KS HOME PRICES

Value Range
> $1,173,000 0.1
$880,001 - $1,173,000 0.5
$586,001 - $880,000 3.3
$469,001 - $586,000 5.1
$352,001 - $469,000 13.7
$235,001 - $352,000 37.5
$117,001 - $235,000 35.4
$59,001 - $117,000 3.2
$0 - $59,000 1.1

Very High for KS
Very High for Nation

Value Relative to Nation Value Relative to State
19.0905894761514 2.83687943262411

Number Of Homes And Apartments:
20,006

Rent & Ownership

 

Average Market Rent:
$1,102 / per month

Homeownership Rate

Homeownership
Owners 62.77
Renters 37.23
Vacant 4.67

Housing Market Details

 

Age of Homes

AGE OF Lenexa HOMES
2000 or Newer 21.3
1970 - 1999 68.1
1940 - 1969 9.6
1939 or Older 1.0

Types of Homes

TYPE OF Lenexa HOMES
Single-Family 60.2
Townhomes 9.0
Small Apt. Buildings 4.3
Apt. Complexes 26.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lenexa HOMES
No Bedroom 1.17
1 Bedroom 12.80
2 Bedrooms 20.33
3 Bedrooms 24.71
4 Bedrooms 34.47
5 or more bedrooms 6.53

Lenexa 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
36.89% 1.84% 4 4
* 10 is highest