Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$335,609+3.4% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$72,753About 1.0× the local median income ($73,332): affordable for a typical household
Days on market43 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.1%Zillow expects prices to rise slightly
The typical home in Lawrence, KS is worth $335,609, up 3.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $288,440, so the area is 16.4% overvalued. It is a buyer's market: homes take about 43 days to sell, listings are up 41% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 3.1% over the next year. A household needs about $72,753 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,332. Typical rent is $1,563 a month, or $1,972 for a house. In the latest IRS figures, 321 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$335,609
Change in 1 year
+3.4%
Overvalued %
+16.4%
Show 7 more
Fair home value
$288,440
Change in 5 years
+29.2%
Zillow forecast, next 12 months
+3.1%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$1,819
Income needed to afford it
$72,753
Property tax rate
1.22%
Rent and investing
Typical rent
$1,563
Typical rent for houses
$1,972
Price-to-rent ratio
17.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,272
Gross rental yield
5.59%
Cap rate (estimate)
3.63%
Market activity
Listings vs a year ago
+41.1%
Days on market
43
Listings with a price cut
25.7%
Show 3 more
Homes for sale
302
Pending sales per 100 listings
34
Asking price per sq ft
$201
People and jobs
Median household income
$73,332
Population change (1 year)
−0.0%
Unemployment rate
4.2%
Show 4 more
Population
120,920
Income adjusted for cost of living
$81,299
Net moves in (IRS)
−321
Cost of living (US = 100)
90.2
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
74.8
Unhealthy air days a year
1
Show 4 more
Flood risk score
72.8
Wildfire risk score
55.8
Walkability (1 to 20)
8.7
Road, rail and air noise
53 dB
Questions people ask
Is Lawrence, KS overvalued?
Home prices in Lawrence, KS are well above what local incomes have historically supported: fair value is about $288,440, so the area is 16.4% overvalued.
Is Lawrence, KS a buyer's or seller's market?
Lawrence, KS is a buyer's market: homes take about 43 days to sell, listings are up 41% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Lawrence, KS?
Home values in Lawrence, KS are up 3.4% over the last year. Zillow's forecast for the next 12 months is +3.1%.
How much do you need to earn to buy a home in Lawrence, KS?
A household needs about $72,753 a year to afford the typical home in Lawrence, KS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,332.