Lawrence, MA—01841
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 $475,000, with a year-over-year change of 3.9%. This indicates that home prices in Lawrence, MA are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $475,000 | 3.9% |
| Single Family | $514,000 | 3.2% |
| Condos | $319,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $227,000 | 2.7% |
2 Bed | $332,000 | 3.8% |
3 Bed | $475,000 | 2.6% |
4 Bed | $531,000 | 3.5% |
| 5 Bed | $674,000 | 6.1% |
% of Housing Stock
Rental Trends — Lawrence, MA
As of July '25, Rentcast reports the average rent in Lawrence, MA is $2,270, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Lawrence, MA is 1-bedrooms: $1,650, 2-bedrooms: $2,280, 3-bedrooms: $2,700, 4-bedrooms: $2,650. The most common rental property sizes in Lawrence, MA are 3-bedroom and 2-bedroom, accounting for 40.3% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,650 |
| 2 Bed Rent | $2,250 | $2,280 |
| 3 Bed Rent | $2,640 | $2,700 |
| 4 Bed Rent | $2,650 | $2,650 |
% 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 34. This is a increase of 69.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 27.0% |
Listing Count | 9 | -6.0% |
| Listings as % of Homes | 0.0% | -6.0% |
Days on Market | 34 | 69.0% |
Demographics — Lawrence, MA
As of the latest ACS Survey released in 2023, Lawrence, MA has a population of 52,800, which has increased by 8.1% over the past 5 years. Lawrence, MA is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,800 | 8.1% |
% Under 18 | 28.4% | 3.3% |
% Seniors | 10.0% | 9.9% |
% WFH | 4.7% | 38.2% |
% w/ College Degree | 14.6% | 75.9% |
As of the latest ACS Survey released in 2023, Lawrence, MA is a predominantly hispanic area, with 86.8% of the population identifying as hispanic. The hispanic population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Lawrence, MA is white, making up 9.6% of the population. Foreign-born residents account for 46.0% of the population in Lawrence, MA, and this percentage has increased by 6.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 9.6% | -15.0% |
% Black | 4.6% | 4.5% |
% Hispanic | 86.8% | 2.4% |
% Asian | 1.3% | -7.1% |
% Foreign Born | 46.0% | 6.7% |
Mortgage and Risk — Lawrence, MA
According to HUD data as of 2023, there were 307 mortgage originations in Lawrence, MA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, MA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lawrence, MA
As of 2024, the percent of homes in Lawrence, MA under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lawrence, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 2,345 |
Total Units Section 8 | 1,790 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$460 | $1,800 | $1,340 |
| 2 Bedroom | -$520 | $2,250 | $1,730 |
| 3 Bedroom | -$540 | $2,640 | $2,100 |
| 4 Bedroom | -$350 | $2,650 | $2,300 |
Affordability — Lawrence, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $475,000 |
| Median Household Income | $54,500 |