Lawrenceville, IL


Highest Appreciating Lawrenceville Neighborhoods Since 2000

Lawrenceville, IL Real Estate Data

Lawrenceville Housing Market Information

With a population of 4,427, 2,019 total housing units (homes and apartments), and a median house value of $67,328, 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 79.09% of the city's housing units. Other types of housing that are prevalent in Lawrenceville include large apartment complexes or high rise apartments ( 11.84%), mobile homes or trailers ( 4.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.15%).

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 59.09% owning and 40.91% renting.

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 42.20% of the city's housing hails from this era. Other housing ages represented in Lawrenceville include homes built before 1939 ( 33.52%) and housing constructed between 1970-1999 ( 22.03%). There's also some housing in Lawrenceville built between 2000 and later ( 2.25%).

Vacant housing appears to be an issue in Lawrenceville. Fully 12.79% 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 6.85%, which ranks in the top 50% nationwide. This equates to an annual average Lawrenceville house appreciation rate of 0.66%.

NeighborhoodScout's data show that during the latest twelve months, Lawrenceville's appreciation rate, at 4.66%, has been at or slightly above the national average. In the latest quarter, Lawrenceville's appreciation rate has been -0.08%, which annualizes to a rate of -0.30%.

Notably, Lawrenceville's appreciation rate in the latest quarter is one of the lowest in America.

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:

Lawrenceville, IL HOME PRICES

Value Range
> $1,027,000 0.5
$770,001 - $1,027,000 0.0
$514,001 - $770,000 0.0
$411,001 - $514,000 0.7
$308,001 - $411,000 0.1
$206,001 - $308,000 1.7
$103,001 - $206,000 15.4
$52,001 - $103,000 42.7
$0 - $52,000 38.9

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
96.5392047783568 96.2025316455696

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$753 / per month

Homeownership Rate

Owners 59.09
Renters 40.91
Vacant 12.79

Housing Market Details


Age of Homes

AGE OF Lawrenceville HOMES
2000 or Newer 2.2
1970 - 1999 22.0
1940 - 1969 42.2
1939 or Older 33.5

Types of Homes

TYPE OF Lawrenceville HOMES
Single-Family 79.1
Townhomes 0.5
Small Apt. Buildings 4.1
Apt. Complexes 11.8
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Lawrenceville HOMES
No Bedroom 1.21
1 Bedroom 17.45
2 Bedrooms 29.72
3 Bedrooms 39.96
4 Bedrooms 11.06
5 or more bedrooms 0.60

Lawrenceville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
16.63% 0.91% 3 2
* 10 is highest

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Zip Codes in Lawrenceville, IL