Lawrenceville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lawrenceville Neighborhoods Since 2000




Lawrenceville, IL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lawrenceville Housing Market Information

With a population of 4,427, 2,077 total housing units (homes and apartments), and a median house value of $62,055, house prices in Lawrenceville are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Lawrenceville, accounting for 81.98% of the city's housing units. Other types of housing that are prevalent in Lawrenceville include large apartment complexes or high rise apartments ( 10.77%), mobile homes or trailers ( 3.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.44%).

Dwellings in Lawrenceville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.06% of the homes in Lawrenceville have two or fewer bedrooms.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lawrenceville's housing was primarily built during this period, from the '40s through the '60s. A full 43.21% of the city's housing hails from this era. Other housing ages represented in Lawrenceville include homes built before 1939 ( 36.13%) and housing constructed between 1970-1999 ( 18.83%). There's also some housing in Lawrenceville built between 2000 and later ( 1.82%).

Vacant housing appears to be an issue in Lawrenceville. Fully 11.92% 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.

Lawrenceville Home Appreciation Rates

Appreciation rates for homes in Lawrenceville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.28%, which ranks in the top 50% nationwide. This equates to an annual average Lawrenceville house appreciation rate of 0.23%.

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 2.61%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Lawrenceville's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$62,055

Lawrenceville, IL HOME PRICES

Value Range
> $1,028,000 0.1
$771,001 - $1,028,000 0.0
$514,001 - $771,000 0.0
$411,001 - $514,000 0.9
$308,001 - $411,000 0.2
$206,001 - $308,000 1.5
$103,001 - $206,000 13.1
$51,001 - $103,000 47.0
$0 - $51,000 37.3

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
97.5858431969999 97.3417721518987

Number Of Homes And Apartments:
2,077

Lawrenceville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
12.53% 0.69% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$801 / per month

Homeownership Rate

Homeownership
Owners 68.55
Renters 31.45
Vacant 11.92

Housing Market Details

 

Age of Homes

AGE OF Lawrenceville HOMES
2000 or Newer 1.8
1970 - 1999 18.8
1940 - 1969 43.2
1939 or Older 36.1

Types of Homes

TYPE OF Lawrenceville HOMES
Single-Family 82.0
Townhomes 0.1
Small Apt. Buildings 3.4
Apt. Complexes 10.8
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Lawrenceville HOMES
No Bedroom 1.40
1 Bedroom 13.06
2 Bedrooms 36.60
3 Bedrooms 39.74
4 Bedrooms 8.74
5 or more bedrooms 0.47

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Zip Codes in Lawrenceville, IL