A typical Lawrence home is worth roughly $134,000
Home prices around Lawrence have risen about 55% over the past 5 years. No new homes were permitted in 2025.
What kind of housing town is Lawrence?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.7 years of income
About the same as across Michigan. Try your own numbers below.
That’s $2K short of a typical Lawrence home.
A two-bedroom rents for about $1,000 a month here, $140 more than owning.
How Lawrence ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lawrence’s typical property tax (1.37% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,000
Renters already here pay a median of $587, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Van Buren County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Home prices up 55% in 5 years
The federal house price index for the ZIP code around Lawrence rose 55% over the past 5 years, faster than across Michigan (52%). Last year prices rose 4.9%.
How Lawrence ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Lawrence, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2025
No permits for new homes were issued in Lawrence in 2025. The last year with any was 2001 (2 new homes).
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 2 | 2 | 0 | $108,000 |
| 2000 | 1 | 1 | 0 | $68,000 |
How Lawrence ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
51% of Lawrence households own their home
Half of Lawrence’s homes were built before 1976.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Neighbors talk housing
What Lawrence buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.