Safe Rate Local

Lawrence

Learn about the people, housing, costs and businesses in Lawrence

Median Home$315,239
Median Rent$1,129/month
Population120,302
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality31% public administration
Home Value Growth⬆⬆+11.9% over 2 years
Young Adults44% of residentstop 1% nationally
Homeowners50% of occupied units
NotableHighly Educated28% bachelor's · 17% graduate · top 6% nationally
NotableTransit79/100 · excellent transit access
Lawrence

Frequently Asked Questions

What are today's mortgage rates in Lawrence?

Mortgage rates for Lawrence are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Lawrence
What is the median home price in Lawrence?

The median home value in Lawrence is $315k. The median monthly rent is $1,129. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lawrence?

Home values in Lawrence have increased 11.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lawrence?

Based on a typical all-in ownership cost of $1,283/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lawrence is $75k/year.

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What industries drive the economy in Lawrence?

The largest employment sectors in Lawrence are public administration (31%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.