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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 $194,121, lower than the Illinois average of $300,242.
The average cost of rent is $1,189/mo in Lawrence, primarily driven by the current value of real estate in the Lawrence area. In Lawrence, 45.89% of households rent, and 60.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lawrence is $5,894 per month. Households that rent pay about 20.17% of their income on rent here. Lawrence’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harvard, IL: equally priced homes
- Walworth, WI: higher priced homes
- Sharon, WI: higher priced homes
- Fontana-on-Geneva Lake, WI: higher priced homes
- Linton, WI: higher priced homes
- Capron, IL: equally priced homes
- Fontana, WI: higher priced homes
- Delavan Lake, WI: higher priced homes
- Williams Bay, WI: higher priced homes
- Hartland, IL: higher priced homes
Cities with Similar Populations
- Windecker, NY: less expensive homes
- Longview, IL: equally priced homes
- Luray, SC: less expensive homes
- Lushton, NE: higher priced homes
- Lyleville, PA: less expensive homes
- Wood Lake, NE: less expensive homes
- Magnet, IN: less expensive homes
- Magnolia, TN: less expensive homes
- Mahanoy Plane, PA: less expensive homes
- Maher, WV: less expensive homes
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