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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,209 people, 1,662 houses or apartments, and a median cost of homes of $140,288, house prices in Lawrenceville are solidly below the national average.
Single-family detached homes are the single most common housing type in Lawrenceville, accounting for 80.35% 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 ( 7.95%), large apartment complexes or high rise apartments ( 6.40%), and a few mobile homes or trailers ( 5.30%).
People in Lawrenceville primarily live in small (one, two or no bedroom) single-family detached homes. Lawrenceville has a mixture of owner-occupied and renter-occupied housing.
The housing in Lawrenceville was primarily built before 1939 ( 40.30%), making the housing stock in Lawrenceville some of the oldest overall in America, although there is a range of ages of homes in Lawrenceville. The next most important housing age is between 1940-1969 ( 37.30%), followed by between 1970-1999 ( 21.05%). There's also some housing in Lawrenceville built between 2000 and later ( 1.35%).
Vacant housing appears to be an issue in Lawrenceville. Fully 16.90% of the housing stock is classified as vacant. Left unchecked, vacant Lawrenceville homes and apartments can be a drag on the real estate market, holding Lawrenceville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Lawrenceville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.91% during the period.
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 4.66%, 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 1.05%, which equates to an annual appreciation rate of 4.25%.
Relative to Illinois, our data show that Lawrenceville's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$140,288
for Illinois
for nation
1,662
$1,046 / per month