Lawrence, KS Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Lawrence, KS, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family properties in the Lawrence metro area. The HPI is a valuable tool for tracking house price trends at the local level over time.

Between 2000 and 2006, home prices in the Lawrence metro area more than doubled, reaching a peak of $247,000 in 2006. Since then, prices have fallen sharply, to a low of $157,000 in 2012. However, prices have been on the rise again since then and as of 2019, the median home price in Lawrence was $193,000.

The HPI can be useful for understanding both overall trends in house prices as well as more specific trends within the Lawrence metro area. For example, while prices have fallen overall since 2006, there are still pockets of the city where prices have held relatively steady or even increased slightly. This could be due to a number of factors such as location or type of property.

In general, the HPI is a valuable tool for tracking changes in home values over time at the local level. It can be used to help understand overall trends as well as more specific trends within a given city or metro area.