Lawrence, MA Real Estate
According to census data in the year 2000 there were 25,601 housing units in Lawrence.
This represents a 4.9% decline from 26,915 in 1990.
Of those housing units, 25,601 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lawrence is about 32.2%.
Lawrence's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.9 people.
The majority of houses, apartments or condos in Lawrence were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 19.50% |
| Two Bedrooms | 31.70% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $114,100 |
| Median Price asked for vacant units | $103,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $536 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 57.40% |
| Debt Free | 28.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
