The story of this market
The typical home in Lawrence, Massachusetts sells for about $560,000, or $325 per square foot.
Prices are up +3.7% from a year ago, so sellers still have some momentum. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,400 a month.
Monthly price momentum
Home values since 2015
+2.5%
MA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lawrence, Massachusetts
The Lawrence housing market remains highly competitive with limited inventory, driving steady price appreciation. Growth is largely fueled by the ongoing adaptive reuse of historic mill buildings, which continues to attract interest from both residents and investors. While the market shows resilience, potential buyers and investors should remain mindful of the city's specific economic and educational challenges.
No ARED county foreclosure postings attributed to Lawrence yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 6.6% year over year.
Homes spend a median of 36 days on market with 0.1 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 4.9% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 15.1% — a stable, low-distress profile.
- Canobie Lake Park4.57.4 mi
- Kimball Farm Westford4.618.6 mi
- Boda Borg Boston4.720 mi
- K1 Speed Boston-Wilmington4.210.2 mi
- Dave & Buster's Woburn4.114.2 mi
- Canobie Lake Park4.57.4 mi
- Cider Hill Farm4.716.6 mi
- Tsongas Center4.58.7 mi
- The Brook4.218.4 mi
- Kowloon Restaurant4.218 mi
- Canobie Lake Park4.57.4 mi
- AMC Methuen 204.32.6 mi
- K1 Speed Boston-Wilmington4.210.2 mi
- Dave & Buster's Woburn4.114.2 mi
- AMC Burlington Cinema 104.215.9 mi
- Museum of Science4.723.9 mi
- Salem Witch Museum3.818.7 mi
- The Harvard Museum of Natural History4.822.9 mi
- Harvard Art Museums4.823.2 mi
- Bunker Hill Monument4.723.5 mi
- The Butterfly Place4.614.8 mi
- Mass Audubon's Ipswich River Wildlife Sanctuary4.913.3 mi
- Great Brook Farm State Park4.714.3 mi
- Benson Park4.813 mi
- Endicott Park4.813.7 mi
- Crescent Yacht Club4.46.4 mi
- Burlington Mall4.415.8 mi
- Northshore Mall4.416 mi
- Pheasant Lane Mall4.314 mi
- The Mall at Rockingham Park4.45.5 mi
- Tuscan Village4.45.5 mi
- Boston Logan International Airport4.124.9 mi
- Manchester-Boston Regional Airport4.620.7 mi
- Park Shuttle & Fly4.523.2 mi
- The Lounge3.424.6 mi
- DaCoopas Pizza4.123.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A key urban park that preserves the city's industrial history and provides green space along the Merrimack River.
The river serves as a central geographic feature, offering recreational potential and defining the city's historic industrial landscape.
A revitalized area featuring historic mill buildings repurposed for modern commercial, residential, and dining use.
Lawrence is well-suited for investors looking for value-add opportunities in urban revitalization zones and for renters seeking proximity to employment hubs at a lower price point than the Boston core. It also attracts families who are established in the community and value the city's ongoing infrastructure and cultural development.
The city is served by Lawrence Public Schools, which faces ongoing challenges regarding academic performance and resource allocation. The district is currently under state oversight, reflecting a long-term effort to improve educational outcomes for its diverse student population.
Lawrence is connected to the broader region via major highway corridors and commuter rail access, facilitating travel to Boston and other employment centers. The city's transit infrastructure is a critical component for its workforce and economic connectivity.
Lawrence offers residents access to the Merrimack River for outdoor activities and maintains several public parks, including the Lawrence Heritage State Park. The city's historic mill district provides a unique urban amenity base that blends cultural heritage with modern dining and retail opportunities.
The rental market in Lawrence is characterized by high demand and limited supply, with a median asking rent of approximately $2,400 per month. The city's stock of converted mill apartments remains a primary driver of rental activity, attracting a mix of local workers and commuters seeking more affordable options compared to the Greater Boston area.
The economy is transitioning from traditional manufacturing to a more diverse mix of services, healthcare, and education. Major revitalization projects in the mill district are central to the city's efforts to attract new investment and stabilize the local tax base.
The city is undergoing a significant transformation driven by the adaptive reuse of its historic mill buildings into residential and commercial spaces. This revitalization effort is a cornerstone of the local economy, aiming to attract new businesses and residents to the urban core.
Development planning is heavily focused on the adaptive reuse of industrial properties and the expansion of housing stock to meet growing demand. These projects are essential for the city's long-term urban renewal strategy.
The city operates under a municipal structure where property taxes support local services, including the public school system and municipal infrastructure.
Lawrence experiences crime rates that are generally higher than the Massachusetts state average, though local efforts continue to focus on community safety and revitalization. Residents and investors should monitor localized trends as safety perceptions vary significantly by neighborhood.
Lawrence is situated along the Merrimack River, which presents localized flood risks in low-lying areas near the waterfront. Property owners should verify flood zone designations and maintain appropriate insurance coverage as part of their risk management strategy.
Property insurance in Lawrence is influenced by the city's urban density and proximity to the Merrimack River, which may impact premiums for flood-prone parcels.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Massachusetts) — Massachusetts Local Property Tax: Ad valorem tax calculated as (Municipal Budget / Total Assessed Value of all taxable property) = Tax Rate per $1,000 of assessed value. Assessments must be at 100% of full and fair cash (market) value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau ACS 2023 estimates.