Affordable
Expensive
Expensive
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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 $456,432, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,671/mo in Lawrence, primarily driven by the current value of real estate in the Lawrence area. In Lawrence, 71.69% of households rent, and 31.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lawrence is $5,281 per month. Households that rent pay about 31.64% of their income on rent here. Lawrence’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Methuen Town, MA: higher priced homes
- Methuen, MA: higher priced homes
- North Andover, MA: higher priced homes
- Andover, MA: higher priced homes
- Salem, NH: equally priced homes
- Haverhill, MA: equally priced homes
- Tewksbury, MA: higher priced homes
- Boxford, MA: higher priced homes
- Groveland, MA: higher priced homes
- Dracut, MA: equally priced homes
Cities with Similar Populations
- Clovis, CA: equally priced homes
- Chapel Hill, NC: equally priced homes
- Chandler, AZ: higher priced homes
- Champaign, IL: less expensive homes
- Clifton, NJ: equally priced homes
- Cicero, IL: less expensive homes
- Cleveland, TN: less expensive homes
- Cleveland, OH: less expensive homes
- Centreville, VA: higher priced homes
- Chula Vista, CA: higher priced homes
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