Rent to own Homes in Lawrence, KS
Lawrence, Kansas, one of the largest cities in the state, has a long and important history. The city was founded by the New England Emigrant Aid Company and was intended to be an important political center in Kansas. It was an important battleground during the pre-Civil War period when abolitionists and slave owners often came to blows during the debate over whether slavery would be permitted there. Today, it is the home to the University of Kansas and is considered one of the best places to retire, as well as one of the top 10 college towns in the country.
Lawrence, KS is a great place for affordable rent-to-own homes! With a median household income of over $55,598 and a median rent of $953, the Lawrence, KS rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lawrence, KS. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lawrence, KS Property Resources
Rent to own Homes in Cities Near Lawrence, KS
Neighborhoods in Lawrence, KS
Barker rent to own homes Brook Creek rent to own homes Centennial rent to own homes Deerfield rent to own homes East Lawrence rent to own homes HiIlcrest rent to own homes Indian Hills rent to own homes Monterey Homeowners rent to own homes North Lawrence rent to own homes Old West Lawrence rent to own homesPopular Zip Codes in Lawrence, KS
66045 rent to own homesBuying a Home in Lawrence, KS
Lawrence, KS is seeing rapid growth and Lawrence, KS's' housing market remains optimal with an average home price that is -6% below the 2024 national average. Lawrence, KS is part of Douglas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Douglas is 1.26% which is above the national average, which is 0.99%.
Median Home Price in Lawrence, KS
Median Rent in Lawrence, KS
Top Reasons to Live in Lawrence, KS
Housing Statistics There aren't very many vacant houses in Lawrence; over 31,000 are occupied out of 32,792 available housing units. About 54 percent of people are renting rather than buying their homes. There are very few rent to own houses in this area. The median price of houses in Lawrence is $153, 178. The median rent is $754.
Weather and Climate Lawrence is known for its extreme weather in both summer and winter. Summers tend to be hot and humid, with average temperatures in the high 80s. On occasion, summer temperatures hit triple digits. Winters are cold and somewhat dry, with temperatures ranging from below zero to 30 degrees Fahrenheit. On average, winter temperatures hit a low of about 18 degrees. Lawrence winters can be snowy, especially during January and February.
Tourist Attractions There's plenty to do in Lawrence with more than 30 attractions to visit. Shop on Massachusetts Street, where you can visit plenty of restaurants and shops and enjoy the street entertainers and vendors, or visit the Museum of Natural History, which features many local artifacts, such as the remains of a horse ridden during the Battle of Little Bighorn. Afterwards, you can catch a movie at Liberty Hall, which is a locally owned historic theater.
Arts and Culture Lawrence has a cultural arts commission, which oversees programs like The Outdoor Downtown Sculpture Exhibition, which is a yearly where sculptors have the opportunity to display their work along Massachusetts Street. There's also the Phoenix Awards, which are ten awards given out each year to local artists of all media. A local artist is commissioned each year to create the award itself. Best of all, Lawrence reserves a percentage of its budget every year to acquire public art for the city. This year, the city has allocated $75,000 to get public art for its library.
Largest Employers and Industries Lawrence offers many public and private job opportunities, ranging from big businesses to universities and hospitals. The University of Kansas is the city's largest employer. It offers jobs in a wide variety of industries. In addition to educators and instructors, it hires administrators, administrative assistants, financial experts, fundraising experts and landscapers. Hallmark Cards is also another big employer in the area, hiring people in the creative, administrative, technological and maintenance departments. The city itself is also a big employer, needing people to fill positions ranging from clerks to committee members. Vangent Inc., the educational research company, is the largest private employer in Lawrence.