Lawrenceville appreciation rates and housing market information

Lawrenceville housing market information

With 22,512 people, 7,675 houses or apartments, and a median cost of homes of $185,200, Lawrenceville real estate is some of the most expensive in Georgia, although Lawrenceville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lawrenceville, accounting for 59.43% of the city's housing units. Other types of housing that are prevalent in Lawrenceville include duplexes, homes converted to apartments, or other small apartment buildings (16.90%), large apartment complexes or high rise apartments (11.96%), row houses and other attached homes (7.58%), and a few mobile homes or trailers (4.13%).

The most prevalent building size and type in Lawrenceville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.59% owning, and 40.73% renting.

There is a lot of housing in Lawrenceville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawrenceville built from 1940-1969 (14.62%). A lesser amount of the housing stock also hails from 1995 and later (11.56%), and some were built from 1939 and earlier (11.56%).

Lawrenceville home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Lawrenceville, where house values have increased just 45.97%, which is an average annual increase of 4.59%. NeighborhoodScout's data show that in the latest quarter, Lawrenceville house values appreciated -0.96%, which is an annualized rate of -3.84%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

Over the last year, Lawrenceville appreciation rates have trailed the rest of the nation. In the last twelve months, Lawrenceville's appreciation rate has been -1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lawrenceville were at -0.96%, which equates to an annual appreciation rate of -3.84%.

Relative to Georgia, our data show that Lawrenceville's latest annual appreciation rate is higher than 3% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lawrenceville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawrenceville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Lawrenceville real estate investment or home purchase decisions.