Foreclosures in Lawrence, MA

Current Market Conditions in Lawrence, MA

The Lawrence real estate market has been experiencing a steady increase in property values, fueled by a growing demand for housing as the city continues to develop and attract new residents. Low inventory levels, particularly for single-family homes, have led to competitive bidding situations, with many homes selling above asking price.

Investors are increasingly interested in Lawrence due to its affordability compared to neighboring areas, presenting opportunities for both rental and resale investments. With ongoing revitalization projects and improvements in infrastructure, the market is expected to escalate further, making now a strategic time for investment.

Rent Prices In Lawrence, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lawrence, MA, is on a rollercoaster ride. The average rent price in Lawrence, MA, is $1,577.00. Indeed, when looking to rent in Lawrence, MA, you can expect to pay as little as $790.00 or as much as $3,450.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Lawrence, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.