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Affordable
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These days, finding an affordable place to live in the Lawrence area can be challenging. Home prices in Lawrence are now at a median cost of $226,794, lower than the Alabama average of $228,911.
The average cost of rent is $1,000/mo in Lawrence, primarily driven by the current value of real estate in the Lawrence area. In Lawrence, 17.01% of households rent, and 81.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lawrence is $4,265 per month. Households that rent pay about 23.46% of their income on rent here. Lawrence’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cornwall Furnace, AL: less expensive homes
- Farill, AL: higher priced homes
- Fullerton, AL: less expensive homes
- Howells Crossroads, AL: less expensive homes
- Cedar Bluff, AL: equally priced homes
- Watson, AL: less expensive homes
- Piney, AL: equally priced homes
- Gaylesville, AL: less expensive homes
- Centre, AL: less expensive homes
- Whorton, AL: less expensive homes
Cities with Similar Populations
- Pierce, WV: less expensive homes
- Redstone, MT: less expensive homes
- Redrock, NM: less expensive homes
- Redman, MO: less expensive homes
- Redbird, WY: equally priced homes
- Redbird, NE: equally priced homes
- Piltzville, MT: higher priced homes
- Pillsbury, ND: equally priced homes
- Pillar Point, NY: equally priced homes
- Piercefield, NY: less expensive homes
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