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 $416,039, lower than the Lawrence average of $456,432.

The average cost of rent is $1,615/mo in Mt Vernon Park, primarily driven by the current value of real estate in the Mt Vernon Park area. In Mt Vernon Park, 28.12% of households rent, and 31.61% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mt Vernon Park is $7,263 per month. Households that rent pay about 22.24% of their income on rent here. Mt Vernon Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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