Lawrence, MI Real Estate
According to census data in the year 2000 there were 406 housing units in Lawrence.
This represents a 3.6% growth from 392 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 406 were located in what is classified as a rural area.
Homeownership rate in Lawrence is about 63.6%.
Lawrence's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Lawrence were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 15.50% |
| Two Bedrooms | 30.80% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $70,600 |
| Median Price asked for vacant units | $61,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 47.90% |
| Debt Free | 33% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
