Is Lenexa, KS a good place to invest in rental property?

Lenexa, KS has a median modeled monthly cash flow of $-1,333 and a median cap rate of 2.9%, on a median sold price of $425,000. Prices changed +6.2% year over year.

What is the average cap rate in Lenexa, KS?

The median cap rate across recently sold homes in Lenexa, KS is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lenexa, KS?

The median sold price in Lenexa, KS is $425,000 (about $189 per square foot).

Investing in Lenexa, KS Real Estate

A data-driven snapshot of the Lenexa, KS rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$425,000Median sold price

$189Median $/sqft

2.9%Median cap rate

$-1,333Modeled cash flow / mo

+6.2%Appreciation YoY

5.6Months of supply

231Active listings

495Sold (last 12 mo)

What the Lenexa numbers say

In Lenexa, KS, the median home sold for $425,000 (about $189 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,333 of monthly cash flow. Sold prices moved +6.2% over the past year. Inventory sits at about 5.6 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Kansas markets to compare

See Lenexa cash-flowing listings

CashFlowRE ranks every for-sale home in Lenexa, KS by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lenexa deals, or browse the national market data.