The Most Affordable Neighborhoods in Mt Vernon Park, Lawrence, MA by Home Value

 

Mt Vernon Park, Lawrence, MA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mt Vernon Park area can be challenging. Home prices in Mt Vernon Park are now at a median cost of $329,501, higher than the Lawrence average of $323,013.

The average cost of rent is $1,484/mo in Mt Vernon Park, primarily driven by the current value of real estate in the Mt Vernon Park area. While nearly 20.25% of residents own their homes outright in Mt Vernon Park, 30.53% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mt Vernon Park is $7,577 per month. Households that rent pay about 19.58% of their income on rent here. Mt Vernon Park's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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