Photo courtesy Wikimedia Commons

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?” (more…)