College Town Life in Lawrence, Kansas, Also Great for Retirees

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Editor’s Note: Recently, MoneyWise revealed its list of the 40 most frugal and friendly places to retire. In a bid to provide an idea of what housing inventory is available in these cities and towns, we’re taking a look at listings in each of the cities on the list.

Not everyone can spend $1 million or more on a second home, even if it’s with the idea that eventually you’ll retire there. So when MoneyWise’s list of 40 places to retire that are more budget-friendly came out, we were curious — what kind of homes could you find in these towns?

Last week, we looked at the 17th city on the list — Savannah, Georgia. This week, we look at Lawrence, Kansas, and found three great homes — all for less than $500,000.

Not only does it have all the amenities you expect from a college town, but it’s also widely accepted as a mecca of college basketball, with a sizeable museum dedicated to University of Kansas athletics. It’s been said you really haven’t been to a college basketball game until you hit a certain list of fieldhouses — and Phog Allen Fieldhouse is on that list.

“An unexpectedly lush spot in the middle of dusty Kansas, Lawrence is a green and tree-filled town that’s growing very popular with retirees,” said MoneyWise. “With a population under 100,000, this relatively quiet college town has an energetic downtown, an art museum and theatre, and a farmer’s market.”

“With its affordable medium home prices of $143,000, snow-less winters, and hot summers, what’s not to love?”

It’s also still close to Kansas City, too — approximately 40 miles west of Kansas City, Missouri, and 25 miles east of Topeka. On campus, you can visit the Spencer Art Museum, Natural History Museum, Dole Institute of Politics, Booth Family Hall of Athletics and KU sporting events. Around town, Massachusetts Street is a reliable haunt for shopping, dining, and entertainment. There are also more than 50 public parks with hiking and biking trails, and tons of art and culture offerings.

Want to see what we found in Lawrence? Read on.

Cozy Cape Cod At a Great Price Point

Price: $144,900

Just south of the university and close to downtown, this two-bedroom, one bath home is an ideal 1,078 square feet — just big enough that overnight visitors won’t feel cramped, but still small enough to qualify as a downsize.

Inside, the 1947-built home still offers all the architectural details you’d expect, including wall-to-wall parquet flooring, archways, and more.

The windows, paint, and roof have been updated, as has the bathroom.

It’s listed by Casey Williams with Keller Williams  Integrity. To see more, click here.

Top Floor Condo With Tremendous Views

Price: $349,900

If you want to downsize a great deal more, and want to be in the thick of everything, this one-bedroom, one-bath top floor luxury condo in downtown Lawrence is perfect. With its open floorplan that showcases the downtown and campus views (as well as some pretty stellar sunsets), the home feels bigger than its 968 square feet, and has tons of high-end touches, like custom cabinetry in the kitchen and a beautiful bathroom.

And no worries about digging out your car during the winter — amenities include assigned, temperature controlled underground parking as well as a gym, rooftop patio with garden, and security.

This one is also listed by Casey Williams with Keller Williams Integrity. To see more, click here.

Golf Course Views on a Corner Lot

Price: $499,000

If you don’t want to downsize, and want to be able to hit the links whenever you want, this five-bedroom, three-and-a-half bath home has plenty of room for visitors, and an idyllic setting.

Perched on a corner lot, the home sits near the pond and near the hole 5 tee box of The Jayhawk Club golf course.

It has a large walkout basement with a bonus room and fifth bedroom, and plenty of room above ground, too — four bedrooms on the second floor, including a spacious master suite with large closets, a large en-suite, and a sitting room.

A generous kitchen offers eat-in space and access to the large deck that overlooks the golf course and pond.

It is listed by Bryan C. Hedges with Hedges Realty Executives. To see more, click here.

For the original MoneyWise report, click here. To see all the homes we have found so far, click here.