Lawrence, MA—01840
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawrence, MA
As of Oct '25, the median home price in Lawrence, MA is $370,000, with a year-over-year change of 6.5%. This indicates that home prices in Lawrence, MA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 6.5% |
| Single Family | N/A | N/A |
| Condos | $209,000 | 7.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawrence, MA
As of July '25, Rentcast reports the average rent in Lawrence, MA is $2,330, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Lawrence, MA is studios: $2,260, 1-bedrooms: $2,090, 2-bedrooms: $2,490, 3-bedrooms: $2,620. The most common rental property sizes in Lawrence, MA are 1-bedroom and 2-bedroom, accounting for 42.8% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,330 |
| Studio Rent | $2,320 | $2,260 |
| 1 Bed Rent | $2,160 | $2,090 |
| 2 Bed Rent | $2,510 | $2,490 |
| 3 Bed Rent | $2,500 | $2,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lawrence, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence, MA is 51. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 32.0% |
Listing Count | 5 | 300.0% |
| Listings as % of Homes | 0.1% | 300.0% |
Days on Market | 51 | -14.0% |
Demographics — Lawrence, MA
As of the latest ACS Survey released in 2023, Lawrence, MA has a population of 7,090, which has increased by 27.6% over the past 5 years. Lawrence, MA is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,090 | 27.6% |
% Under 18 | 25.2% | -4.5% |
% Seniors | 13.3% | 0.8% |
% WFH | 5.3% | -28.4% |
% w/ College Degree | 13.5% | 14.4% |
As of the latest ACS Survey released in 2023, Lawrence, MA is a predominantly hispanic area, with 86.7% of the population identifying as hispanic. The hispanic population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Lawrence, MA is white, making up 10.2% of the population. Foreign-born residents account for 40.4% of the population in Lawrence, MA, and this percentage has decreased by 14.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.2% | 3.0% |
% Black | 3.4% | -34.6% |
% Hispanic | 86.7% | 1.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 40.4% | -14.4% |
Mortgage and Risk — Lawrence, MA
According to HUD data as of 2023, there were 11 mortgage originations in Lawrence, MA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Lawrence, MA. Investor activity is high, as 36.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 36.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lawrence, MA
Lawrence, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,051 |
Total Units Section 8 | 928 |
% Rentals under Section 8 | 28.0% |
% Occupied Section 8 | 97.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$820 | $2,160 | $1,340 |
| 2 Bedroom | -$770 | $2,510 | $1,740 |
| 3 Bedroom | -$400 | $2,500 | $2,100 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Lawrence, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $370,000 |
| Median Household Income | $34,600 |