Market Overview
Home Prices in Lawrence, MA
The median home value in Lawrence, MA is $521,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lawrence are priced27% above average. Lawrence is part of the Boston-Cambridge-Newton, MA-NH metro area.
Over the past five years, Lawrence home values have risen by approximately33.5%, reflecting strong long-term appreciation in this market.
Price History
Lawrence Home Price Trend
City Comparison
Lawrence vs. National Median
At $521,895, homes in Lawrence cost 27% above the national median of $410,000. Buyers in Lawrence should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lawrence?
20% Down Payment
$104,379
on $521,895
Monthly P&I
$2,722/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,457/mo
incl. taxes & insurance
Income Needed
$138,280
gross annual (30% rule)
10% Down Option
$52,190
+ PMI applies
Loan Amount (20% dn)
$417,516
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lawrence, MA?
The median home value in Lawrence is $521,895 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Lawrence?
Over the past year, home values in Lawrence have increased by 2.2%. Over five years, prices have risen approximately 33.5%.
How much do I need to earn to buy a home in Lawrence?
To comfortably afford the median home price of $521,895 with a 20% down payment ($104,379) at today's rates (6.8%), you'd need a gross annual income of approximately $138,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Lawrence compare to the national average home price?
The national median home value is approximately $410,000. At $521,895, homes in Lawrence are 27% above the national average.
What metro area is Lawrence part of?
Lawrence is part of the Boston-Cambridge-Newton, MA-NH metropolitan area. Home prices and market conditions can vary across the broader metro region.