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
With a population of 592, 298 total housing units (homes and apartments), and a median house value of $109,485, house prices in Lawndale are solidly below the national average.
Single-family detached homes are the single most common housing type in Lawndale, accounting for 79.28% of the town's housing units. Other types of housing that are prevalent in Lawndale include mobile homes or trailers ( 20.42%).
Dwellings in Lawndale tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.95% of the homes in Lawndale 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. Lawndale's housing was primarily built during this period, from the '40s through the '60s. A full 46.25% of the town's housing hails from this era. Other housing ages represented in Lawndale include homes built before 1939 ( 27.03%) and housing constructed between 1970-1999 ( 19.22%). There's also some housing in Lawndale built between 2000 and later ( 7.51%).
Vacant housing appears to be an issue in Lawndale. Fully 10.51% of the housing stock is classified as vacant. Left unchecked, vacant Lawndale homes and apartments can be a drag on the real estate market, holding Lawndale 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 Lawndale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.
NeighborhoodScout's data show that during the latest twelve months, Lawndale's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Lawndale's appreciation rate has been -0.54%, which annualizes to a rate of -2.13%.
Notably, Lawndale's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Lawndale's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.
|$802,001 - $1,069,000||0.0|
|$534,001 - $802,000||0.2|
|$427,001 - $534,000||0.0|
|$321,001 - $427,000||2.9|
|$214,001 - $321,000||11.8|
|$107,001 - $214,000||33.8|
|$53,001 - $107,000||27.7|
|$0 - $53,000||22.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Lawndale HOMES|
|2000 or Newer||7.5|
|1970 - 1999||19.2|
|1940 - 1969||46.2|
|1939 or Older||27.0|
|TYPE OF Lawndale HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Lawndale HOMES|
|5 or more bedrooms||0.00|