Lawrenceville, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lawrenceville, GA Housing Market Trends

With a population of 30,834, 10,524 total housing units (homes and apartments), and a median house value of $242,949, Lawrenceville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lawrenceville, accounting for 56.99% of the city's housing units. Other types of housing that are prevalent in Lawrenceville include large apartment complexes or high rise apartments ( 22.86%), duplexes, homes converted to apartments or other small apartment buildings ( 12.02%), and a few row houses and other attached homes ( 6.61%).

The most prevalent building size and type in Lawrenceville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.44% owning and 51.56% renting.

There is a lot of housing in Lawrenceville built from 1970 to 1999 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 between 2000 and later ( 25.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.89%).

Lawrenceville Home Appreciation Rates

In the last 10 years, Lawrenceville has experienced some of the highest home appreciation rates of any community in the nation. Lawrenceville real estate appreciated 71.93% over the last ten years, which is an average annual home appreciation rate of 5.57%, putting Lawrenceville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lawrenceville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lawrenceville's appreciation rate, at 5.77%, has been at or slightly above the national average. In the latest quarter, Lawrenceville's appreciation rate has been 2.07%, which annualizes to a rate of 8.54%.

Relative to Georgia, our data show that Lawrenceville's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Lawrenceville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$242,949

Lawrenceville, GA HOME PRICES

> $1,264,000
0.1%
0.1%
$948,001 - $1,264,000
0.1%
0.1%
$632,001 - $948,000
0.6%
0.6%
$506,001 - $632,000
1.2%
1.2%
$379,001 - $506,000
10.6%
10.6%
$253,001 - $379,000
31.8%
31.8%
$127,001 - $253,000
47.1%
47.1%
$63,001 - $127,000
6.2%
6.2%
$0 - $63,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
10,524

Lawrenceville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
53.31% 2.06%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,503 / per month

Homeownership Rate

Owners
48.4%
48.4%
Renters
51.6%
51.6%
Vacant
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.9%
25.9%
1970 - 1999
65.3%
65.3%
1940 - 1969
7.9%
7.9%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.0%
57.0%
Townhomes
6.6%
6.6%
Small Apt. Buildings
12.0%
12.0%
Apt. Complexes
22.9%
22.9%
Mobile Homes
1.3%
1.3%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
7.9%
7.9%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
38.0%
38.0%
4 Bedrooms
17.7%
17.7%
5 or more bedrooms
5.4%
5.4%
0.0% 100.0%
% OF HOMES