Lawrenceville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lawrenceville Neighborhoods Since 2000




Lawrenceville, VA 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 1,078, 456 total housing units (homes and apartments), and a median house value of $83,647, house prices in Lawrenceville are some of the most affordable in Virginia as well as the nation.

Single-family detached homes are the single most common housing type in Lawrenceville, accounting for 72.15% of the town's housing units. Other types of housing that are prevalent in Lawrenceville include duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), large apartment complexes or high rise apartments ( 12.26%), and a few row houses and other attached homes ( 1.40%).

Renters dominate Lawrenceville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 40.11% of the town's housing hails from this era. Other housing ages represented in Lawrenceville include homes built between 1970-1999 ( 32.75%) and housing constructed before 1939 ( 23.64%). There's also some housing in Lawrenceville built between 2000 and later ( 3.50%).

Vacant housing appears to be an issue in Lawrenceville. Fully 20.14% 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

Homes have actually lost value in Lawrenceville over the last then years, as home values have seen a decline of 21.97% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lawrenceville home appreciation rates at -1.60%, which equates to an annual appreciation rate of -6.23%.

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 -8.75%, 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 -1.60%, which equates to an annual appreciation rate of -6.23%.

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

Relative to Virginia, our data show that Lawrenceville's latest annual appreciation rate is lower than 90% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$83,647

Lawrenceville, VA HOME PRICES

Value Range
> $946,000 2.8
$709,001 - $946,000 0.4
$473,001 - $709,000 0.0
$378,001 - $473,000 0.2
$284,001 - $378,000 1.5
$189,001 - $284,000 11.1
$95,001 - $189,000 25.9
$48,001 - $95,000 44.2
$0 - $48,000 13.8

Very Low for VA
Very Low for Nation

Value Relative to Nation Value Relative to State
88.1665299425759 94.7368421052632

Number Of Homes And Apartments:
456

Lawrenceville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
29.68% 1.52% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$660 / per month

Homeownership Rate

Homeownership
Owners 30.62
Renters 69.38
Vacant 20.14

Housing Market Details

 

Age of Homes

AGE OF Lawrenceville HOMES
2000 or Newer 3.5
1970 - 1999 32.7
1940 - 1969 40.1
1939 or Older 23.6

Types of Homes

TYPE OF Lawrenceville HOMES
Single-Family 72.2
Townhomes 1.4
Small Apt. Buildings 13.1
Apt. Complexes 12.3
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Lawrenceville HOMES
No Bedroom 0.00
1 Bedroom 15.06
2 Bedrooms 18.39
3 Bedrooms 44.48
4 Bedrooms 18.56
5 or more bedrooms 3.50

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Zip Codes in Lawrenceville, VA