Home Price Key
Affordable
Average
Expensive
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 $323,013, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,323/mo in Lawrence, primarily driven by the current value of real estate in the Lawrence area. While nearly 30.51% of residents own their homes outright in Lawrence, 68.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lawrence is $4,695 per month. Households that rent pay about 28.18% of their income on rent here. Lawrence's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
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: higher priced homes
Cities with Similar Populations
- Clovis, CA: equally priced homes
- Chapel Hill, NC: equally priced homes
- Chandler, AZ: equally priced homes
- Champaign, IL: less expensive homes
- Clifton, NJ: higher 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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