%
CapRateCity
Free cap rate calculators for every US market
← All comparisons

Overland Park vs Lawrence for Rental Property Investing

Side-by-side comparison of Overland Park, KS and Lawrence, KS — cap rates, rent, prices, and investment metrics.

Lawrence wins 4–3 across key metrics
Lawrence leads on cash flow (3.44% vs 3.12% cap rate) · Overland Park leads on population growth
Metric
Overland Park, KS
Lawrence, KS
Est. Cap Rate
3.12%
3.44%
Median Home Price
$350,000
$255,000
Median Monthly Rent
$1,620
$1,250
1% Rule
0.46%
0.49%
GRM
18.0x
17.0x
Price / Income
4.2x
5.2x
Property Tax Rate
1.38%
1.36%
Vacancy Rate
4.5%
4.8%
Population Growth
1.2% / yr
0.8% / yr
Annual Appreciation
3%
2.6%
Population
199,600
98,000
Median Income
$82,400
$48,600

Overland Park vs Lawrence: Which Is Better for Investors?

Cash flow: Lawrence has the edge with an estimated cap rate of 3.44% compared to Overland Park's 3.12%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $350,000 in Overland Park vs $255,000 in Lawrence, while rents come in at $1,620/mo and $1,250/mo respectively.

Growth & appreciation: Overland Park is growing faster at 1.2% annually vs Lawrence's 0.8%. Overland Park leads on home value appreciation at 3% per year.

Costs & risk: Property taxes are 1.38% in Overland Park vs 1.36% in Lawrence. Vacancy rates of 4.5% and 4.8% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: Lawrence edges out Overland Park on most key metrics. While cap rates are moderate at 3.44%, Lawrence's overall profile is stronger. Use our free calculators to model specific deals in Overland Park or Lawrence.

Overland Park, KS
3.12% cap rate · $350,000 median · $1,620/mo
Full analysis →
Lawrence, KS
3.44% cap rate · $255,000 median · $1,250/mo
Full analysis →
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.