Living in Lawrence, NJ
Lawrence, NJ is a vibrant suburban community situated in Mercer County. The township offers a range of housing options and a strong public school system, making it an ideal location for families. With easy access to transportation and recreational parks, investors will find Lawrence a promising area for real estate opportunities.
Current Market Conditions in Lawrence, NJ
The Lawrence real estate market has shown steady growth over the past few years, attracting both first-time homebuyers and seasoned investors. With increasing demand for quality homes in suburban areas, property values in Lawrence have seen an upward trend, making it a potentially lucrative market for real estate investment.
Current market trends indicate a competitive landscape, with limited inventory leading to higher home prices. Buyers are encouraged to act quickly, as homes that are well-priced tend to sell swiftly. Investors should consider the appreciation potential in the area, driven by its excellent schools and diverse amenities that appeal to new residents.
Home Value Estimator For Lawrence, NJ
There are currently 21 real estate properties
in Lawrence, NJ,
with a median automated valuation model (AVM) price
of $372,616.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lawrence, NJ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lawrence, NJ,
is $367,448.00, with the most expensive house
in Lawrence, NJ, topping out
at $535,379.00 and the cheapest home
in Lawrence, NJ,
clocking in at $187,094.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lawrence, NJ!
Rent Prices
In Lawrence, NJ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lawrence, NJ, is on
a rollercoaster ride. The
average rent price in Lawrence, NJ,
is $2,113.00. Indeed, when looking to rent in
Lawrence, NJ, you can expect to pay as little
as $1,600.00 or as much
as $2,350.00,
with the average rent median estimated to
be $2,210.00. The good news is that finding
an affordable and desirable property to rent in Lawrence, NJ
-- 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.
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