Lawrence County, Alabama Housing Market Prices
Lawrence County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% below the Alabama median$110,326
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Median rent 25% below the Alabama median$753
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lawrence County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,326 | $160,474 | $248,835 |
| Price Trend (Annual %) | 25.0% | 6.3% | 7.5% |
| Median Gross Rent | $753 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrence County is about 31% lower than in Alabama. Rent is about 25% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lawrence County, up about 25.0% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Lawrence County rose about 34.0% between 2015 and 2024, from $562 to $753. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Lawrence County.
Buying the median-priced home in Lawrence County costs roughly 12.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lawrence County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Lawrence County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,326 | $160,474 | $248,835 |
| Median Household Income | $66,085 | $64,544 | $80,455 |
| Price-to-Income Ratio | 1.7 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lawrence County rose about 753.8%, while median household income rose about 40.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lawrence County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.3% | 60.0% | 58.5% |
| Rental Rate | 16.2% | 25.5% | 31.2% |
| Vacancy Rate | 11.5% | 14.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Lawrence County has a homeownership rate of 72.3%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 11.5%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Lawrence County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1988 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Lawrence County was built around 1988. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Lawrence County, AL Housing Compared With Nearby Counties
Lawrence County, AL is the 5th largest of the 6 counties compared here, 33,276 residents against a local median of 95,537. The measure that sets Lawrence County, AL apart most is median home price: $110,326, 53% below the local median of $236,233.
The counties themselves spread $326,118 on median home price, so Lawrence County, AL sits at one end of an already wide local range rather than apart from it. Lawrence County, AL has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lawrence County, AL | 33,276 | $110,326 #5/6 | $753 #6/6 | 81.7% #1/6 |
| Winston County, AL | 23,682 | $13,275 | $802 | 75.8% |
| Limestone County, AL | 111,233 | $339,394 | $970 | 77.6% |
| Morgan County, AL | 124,471 | $236,233 | $863 | 72.7% |
| Lauderdale County, AL | 95,537 | $260,000 | $838 | 68.9% |
| Colbert County, AL | 58,022 | $143,494 | $886 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Lawrence County, Alabama.
What is the median home price in Lawrence County, Alabama?
The median home price in Lawrence County, Alabama is $110,326, lower than the Alabama average of $160,474.
What is the average home price in Lawrence County, Alabama?
The typical home price in Lawrence County, Alabama, reported as the median sale price, is $110,326. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lawrence County, Alabama?
The median gross rent in Lawrence County, Alabama is $753 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Lawrence County in 2020?
In 2020, the median gross rent in Lawrence County, Alabama was $581 per month.
What is the price-to-rent ratio in Lawrence County, Alabama?
The price-to-rent ratio in Lawrence County, Alabama is about 12.2, meaning it would take roughly 12.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lawrence County.
Are home prices or rent rising faster in Lawrence County, Alabama?
Both home prices and rent are rising in Lawrence County, up about 25.0% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawrence County, Alabama?
72.3% of households in Lawrence County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Lawrence County, Alabama?
The housing vacancy rate in Lawrence County, Alabama is 11.5%, lower than the Alabama average of 14.5%.
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