Lenexa, Kansas Housing Market Prices
Lenexa Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 215% above the Kansas median$329,760
-
Median rent 37% above the Kansas median$1,452
Housing Market Overview
| Metric | Lenexa | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $329,760 | $104,644 | $248,835 |
| Price Trend (Annual %) | 14.0% | 4.4% | 7.5% |
| Median Gross Rent | $1,452 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lenexa is about 215% higher than in Kansas. Rent is about 37% higher than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lenexa, up about 14.0% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Lenexa rose about 50.1% between 2015 and 2024, from $968 to $1,452. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Lenexa.
Buying the median-priced home in Lenexa costs roughly 18.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lenexa. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Lenexa | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $329,760 | $104,644 | $248,835 |
| Median Household Income | $105,208 | $74,287 | $80,455 |
| Price-to-Income Ratio | 3.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lenexa rose about 106.6%, while median household income rose about 37.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lenexa | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.1% | 60.9% | 58.5% |
| Rental Rate | 41.0% | 29.8% | 31.2% |
| Vacancy Rate | 4.0% | 9.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Lenexa has a homeownership rate of 55.1%, lower than the Kansas average of 60.9%. Its housing vacancy rate is 4.0%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Lenexa | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1994 | 1975 | 1978 |
| Median Number of Rooms | 6.4 | 6.0 | 5.5 |
The typical housing unit in Lenexa was built around 1994. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 12.0 years on average.
Lenexa, KS Housing Compared With Nearby Cities
How Lenexa, KS compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lenexa, KS | 56,224 | $329,760 #2/3 | $1,452 #1/3 | 57.3% #3/3 |
| Shawnee, KS | 69,410 | $282,783 | $1,338 | 72.5% |
| Olathe, KS | 134,319 | $368,591 | $1,304 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Lenexa, Kansas.
What is the median home price in Lenexa, Kansas?
The median home price in Lenexa, Kansas is $329,760, higher than the Kansas average of $104,644.
What is the average home price in Lenexa, Kansas?
The typical home price in Lenexa, Kansas, reported as the median sale price, is $329,760. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lenexa, Kansas?
The median gross rent in Lenexa, Kansas is $1,452 per month, higher than the Kansas average of $1,060.
What was the median gross rent in Lenexa in 2020?
In 2020, the median gross rent in Lenexa, Kansas was $1,175 per month.
What is the price-to-rent ratio in Lenexa, Kansas?
The price-to-rent ratio in Lenexa, Kansas is about 18.9, meaning it would take roughly 18.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lenexa.
Are home prices or rent rising faster in Lenexa, Kansas?
Both home prices and rent are rising in Lenexa, up about 14.0% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lenexa, Kansas?
55.1% of households in Lenexa, Kansas own their home, lower than the Kansas average of 60.9%.
What is the vacancy rate in Lenexa, Kansas?
The housing vacancy rate in Lenexa, Kansas is 4.0%, lower than the Kansas average of 9.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →