Lawrence, MI 49064 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lawrence, MI—49064

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$237,000

6.1% YoY Growth

Household Income

$61,900

9.6% YoY Growth

Days on Market

65

1.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$237,000	-6.1%
Single Family	$237,000	-5.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

1.1%

1 Bedroom

28.8%

2 Bedrooms

42.2%

3 Bedrooms

20.8%

4 Bedrooms

3.0%

5+ Bedrooms

4.1%

Property Listings — Lawrence, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Lawrence, MI is 40. This is a decrease of -2.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$284,000	-10.0%
Listing Count	12	-5.0%
Listings as % of Homes	0.6%	-5.0%
Days on Market	65	-1.0%

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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%

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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%

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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%

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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

Lawrence, MI—49064

Key Metrics at a Glance

Home Price Trends — Lawrence, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lawrence, MI

% of Rental Stock

Property Listings — Lawrence, MI

Demographics — Lawrence, MI

Race and Ethnicity

Mortgage and Risk — Lawrence, MI

Mortgages

Rentals and Section 8 — Lawrence, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lawrence, MI

Home Price to Income Ratio

Lawrence, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Bangor, MI

Hartford, MI

Decatur, MI

Breedsville

Paw Paw, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$237,000
Median Household Income	$61,900

Lawrence, MI—49064

Key Metrics at a Glance

Home Price Trends — Lawrence, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lawrence, MI

% of Rental Stock

Property Listings — Lawrence, MI

Demographics — Lawrence, MI

Race and Ethnicity

Mortgage and Risk — Lawrence, MI

Mortgages

Rentals and Section 8 — Lawrence, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lawrence, MI

Home Price to Income Ratio

Lawrence, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Bangor, MI

Hartford, MI

Decatur, MI

Breedsville

Paw Paw, MI

Frequently Asked Questions

What is the average home price in Lawrence, MI 49064?

How have home prices in Lawrence, MI 49064 changed over the past year?

What is the home price projection for Lawrence, MI 49064?

What are the demographics of Lawrence, MI 49064?

How long does it take homes to sell in Lawrence, MI 49064?

What is the average rent price in Lawrence, MI 49064?