Cities with the most expensive homes in the Lawrence metro area
Cities with the most expensive homes in the Lawrence metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $355,696 in March, 4.6% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 2, the 30-year fixed mortgage rate sits at 7.22%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Lawrence metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 4 cities and towns with data available were included in the list.
#4. Eudora, KS
- Typical home value: $299,735
- 1-year price change: +5.3%
- 5-year price change: +53.5%
#3. Lawrence, KS
- Typical home value: $302,097
- 1-year price change: +5.8%
- 5-year price change: +48.0%
#2. Baldwin City, KS
- Typical home value: $335,634
- 1-year price change: +5.3%
- 5-year price change: +55.9%
#1. Lecompton, KS
- Typical home value: $339,438
- 1-year price change: +6.4%
- 5-year price change: +66.6%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
