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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 $184,006, lower than the Michigan average of $250,415.
The average cost of rent is $707/mo in Lawrence, primarily driven by the current value of real estate in the Lawrence area. In Lawrence, 19.61% of households rent, and 50.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lawrence is $5,181 per month. Households that rent pay about 13.64% of their income on rent here. Lawrence’s most expensive areas are in the southern 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
- Hartford, MI: less expensive homes
- McDonald, MI: less expensive homes
- Volinia, MI: higher priced homes
- Bangor, MI: less expensive homes
- Keeler, MI: equally priced homes
- Paw Paw, MI: higher priced homes
- Decatur, MI: equally priced homes
- Breedsville, MI: equally priced homes
- Toquin, MI: equally priced homes
- Watervliet, MI: less expensive homes
Cities with Similar Populations
- Grantham, PA: higher priced homes
- Grafton, ND: less expensive homes
- Granby, CO: higher priced homes
- Lakeview, OR: higher priced homes
- Carrollton, MO: less expensive homes
- Grand Ridge, FL: less expensive homes
- Carroll, OH: higher priced homes
- Carolina Shores, NC: higher priced homes
- Carmichaels, PA: less expensive homes
- Grangeville, ID: higher priced homes
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