Lawrence, MI—49064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawrence, MI
Lawrence, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | -6.1% |
| Single Family | $238,000 | -6.3% |
| Condos | N/A | N/A |
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 | $222,000 | -4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawrence, MI
Lawrence, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lawrence, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence, MI is 28. This is a decrease of -18.0% 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 | $365,000 | -10.0% |
Listing Count | 11 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 28 | -18.0% |
Demographics — Lawrence, MI
As of the latest ACS Survey released in 2023, Lawrence, MI has a population of 3,670, which has decreased by -3.9% over the past 5 years. Lawrence, MI is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,670 | -3.9% |
% Under 18 | 20.1% | -13.0% |
% Seniors | 19.5% | 30.0% |
% WFH | 3.5% | 20.7% |
% w/ College Degree | 19.5% | -14.1% |
As of the latest ACS Survey released in 2023, Lawrence, MI is a predominantly white area, with 71.9% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Lawrence, MI is hispanic, making up 19.6% of the population. Foreign-born residents account for 11.0% of the population in Lawrence, MI, and this percentage has increased by 150.0% 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 | 71.9% | -8.4% |
% Black | 5.1% | 750.0% |
% Hispanic | 19.6% | 3.7% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 11.0% | 150.0% |
Mortgage and Risk — Lawrence, MI
According to HUD data as of 2023, there were 82 mortgage originations in Lawrence, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lawrence, MI
Lawrence, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Lawrence, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $238,000 |
| Median Household Income | $61,900 |