Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 212, 68 total housing units (homes and apartments), and a median house value of $242,848, house prices in North Lawrence are solidly below the national average.
Single-family detached homes are the single most common housing type in North Lawrence, accounting for 84.62% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Lawrence. Owner-occupied housing accounts for 100.00% of North Lawrence's homes, and 76.92% have either three or four bedrooms, which is average sized relative to America.
The housing in North Lawrence was primarily built before 1939 ( 37.36%), making the housing stock in North Lawrence some of the oldest overall in America, although there is a range of ages of homes in North Lawrence. The next most important housing age is between 1940-1969 ( 32.97%), followed by between 2000 and later ( 20.88%). There's also some housing in North Lawrence built between 1970-1999 ( 8.79%).
Vacant housing appears to be an issue in North Lawrence. Fully 25.27% of the housing stock is classified as vacant. Left unchecked, vacant North Lawrence homes and apartments can be a drag on the real estate market, holding North Lawrence real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in North Lawrence have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.38%, which ranks in the top 50% nationwide. This equates to an annual average North Lawrence house appreciation rate of 6.65%.
Appreciation rates are so strong in North Lawrence that despite a nationwide downturn in the housing market, North Lawrence real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Lawrence appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 75.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Lawrence. North Lawrence appreciation rates in the latest quarter were at 2.98%, which equates to an annual appreciation rate of 12.45%.
Relative to Ohio, our data show that North Lawrence's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$242,848
for Ohio
for nation
68
$1,454 / per month