Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lenexa, Kansas.
Median Home Price
$355K
Population
57K
Avg Monthly Rent
$1,350
Property Tax Rate
1.41% *
* Property tax shown is the Kansas state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Lenexa.
Lenexa vs Kansas Median
The median home price in Lenexa is $355,000, which is 58% above the Kansas state median of $225,000.
Mortgage Calculator — Lenexa, KS
Pre-filled with Lenexa median home price and Kansas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $355K home using Kansas's 1.41% tax rate and $2,900/yr insurance.
5% Down
$2,987/mo
Down: $17,750
Loan: $337K
P&I: $2,132
Tax: $417
Insurance: $242
PMI: $197
10% Down
$2,865/mo
Down: $35,500
Loan: $320K
P&I: $2,019
Tax: $417
Insurance: $242
PMI: $186
20% Down (No PMI)
$2,454/mo
Down: $71,000
Loan: $284K
P&I: $1,795
Tax: $417
Insurance: $242
Income needed (28% rule): $105K/year with 20% down, $123K/year with 10% down.
Rent vs Buy in Lenexa
Rent
$1,350/mo
vs
Buy (10% down)
$2,865/mo
Price-to-rent ratio: 21.9 — At a ratio above 20, renting may be more economical in Lenexa for shorter stays. Buying costs $1,515 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Lenexa is $355,000, 58% above the Kansas state median of $225,000. With a population of 57,434, Lenexa is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Kansas average 1.41% annually. This moderate property tax rate means a $355,000 home in Lenexa would carry roughly $417/month in property taxes. Homeowners insurance in Kansas runs approximately $2,900 per year. This is within the normal range nationally.
Average rent in Lenexa is $1,350/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Lenexa presents moderate affordability. The $355K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lenexa.