Lawrenceville, Illinois Real Estate & Housing Market

Lawrenceville, IL Listings

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Lawrenceville Housing Information

Index	Lawrenceville	Illinois	National
Median home price	$54,500	$174,800	$184,700
Median rent asked	$520	$925	$949
Avg. people per household	2.1	2.6	2.6
Owner occupied households	66.9%	66.0%	63.6%
Renter occupied households	33.1%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Lawrenceville, IL. Generally, real estate in the Lawrenceville, IL area is more affordable in Illinois, as the median price of a home in Lawrenceville, IL is $54,500, which is 69% lower than the Illinois average. The median rental price in Lawrenceville, IL is $520. This is 44% lower than the average rental price in Illinois. Home owners comprise 66.9% of the population of Lawrenceville, IL, where an average of 2.1 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Lawrenceville, IL. Below, you can search for real estate listings in Lawrenceville, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Lawrenceville Home Affordability

When searching for real estate in Lawrenceville, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Lawrenceville, IL, the median house price is $54,500, while the median income for households in the area is $36,292. Therefore, the ratio of house price to income is 1.5x; this ratio is 49% lower than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Lawrenceville, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Russellville, IL	73	$25,000	86%
Decker, IN	246	$30,000	84%
Sumner, IL	5,094	$44,700	76%
St. Francisville, IL	483	$46,900	75%
Flat Rock, IL	329	$49,600	73%
Lawrenceville, IL	4,464	$54,500	70%

Cities with similar population

City, State	Population	Home Price	National Avg.
Crestline, OH	4,463	$68,800	63%
Long Hill, CT	4,462	$141,900	23%
Valdese, NC	4,467	$124,400	33%
Coleman, TX	4,467	$54,500	70%
Midway, UT	4,468	$399,800	116%
Lawrenceville, IL	4,464	$54,500	70%

Source: The Lawrenceville, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).