Lawrence, MA—01843
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 $521,000, with a year-over-year change of 3.6%. This indicates that home prices in Lawrence, MA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $521,000 | 3.6% |
| Single Family | $536,000 | 3.1% |
| Condos | $318,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $424,000 | 3.4% |
3 Bed | $531,000 | 3.1% |
4 Bed | $565,000 | 2.9% |
| 5 Bed | $645,000 | 3.5% |
% of Housing Stock
Rental Trends — Lawrence, MA
As of July '25, Rentcast reports the average rent in Lawrence, MA is $2,520, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Lawrence, MA is studios: $1,880, 1-bedrooms: $2,220, 2-bedrooms: $2,650, 3-bedrooms: $3,130, 4-bedrooms: $2,900. The most common rental property sizes in Lawrence, MA are 2-bedroom and 3-bedroom, accounting for 40.3% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,520 |
| Studio Rent | $1,750 | $1,880 |
| 1 Bed Rent | $1,980 | $2,220 |
| 2 Bed Rent | $2,740 | $2,650 |
| 3 Bed Rent | $2,700 | $3,130 |
| 4 Bed Rent | $2,900 | $2,900 |
% 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 24. This is a increase of 70.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | -5.0% |
Listing Count | 17 | 43.0% |
| Listings as % of Homes | 0.0% | 43.0% |
Days on Market | 24 | 70.0% |
Demographics — Lawrence, MA
As of the latest ACS Survey released in 2023, Lawrence, MA has a population of 28,400, which has increased by 11.7% over the past 5 years. Lawrence, MA is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,400 | 11.7% |
% Under 18 | 24.7% | -7.1% |
% Seniors | 9.2% | -8.0% |
% WFH | 7.3% | 461.5% |
% w/ College Degree | 20.5% | 44.4% |
As of the latest ACS Survey released in 2023, Lawrence, MA is a predominantly hispanic area, with 72.7% of the population identifying as hispanic. The hispanic population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Lawrence, MA is white, making up 18.7% of the population. Foreign-born residents account for 40.4% of the population in Lawrence, MA, and this percentage has increased by 30.7% 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 | 18.7% | -13.0% |
% Black | 5.0% | -9.1% |
% Hispanic | 72.7% | 3.3% |
% Asian | 3.5% | -27.1% |
% Foreign Born | 40.4% | 30.7% |
Mortgage and Risk — Lawrence, MA
According to HUD data as of 2023, there were 242 mortgage originations in Lawrence, MA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, MA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 242 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Lawrence, MA
As of 2024, the percent of homes in Lawrence, MA under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely 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 | 965 |
Total Units Section 8 | 539 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 95.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$420 | $1,980 | $1,560 |
| 2 Bedroom | -$690 | $2,740 | $2,050 |
| 3 Bedroom | -$230 | $2,700 | $2,470 |
| 4 Bedroom | -$180 | $2,900 | $2,720 |
Affordability — Lawrence, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $521,000 |
| Median Household Income | $72,200 |