Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Lawndale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $642,203 | $242,182 |
| Price Trend (Annual %) | 4.0% | 10.0% | 8.2% |
| Median Gross Rent | $1,847 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawndale is about 30% lower than in California. Rent is about 6% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Lawndale, up about 4.0% and 4.7% a year respectively. Rent is changing faster.
Median rent in Lawndale rose about 39.4% between 2015 and 2023, from $1,325 to $1,847. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Lawndale.
Buying the median-priced home in Lawndale costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lawndale. The price-to-rent ratio in California is about 27.4.
| Metric | Lawndale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $642,203 | $242,182 |
| Median Household Income | $83,463 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.4 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lawndale fell about 43.3%, while median household income rose about 76.8% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lawndale | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.1% | 51.6% | 58.2% |
| Rental Rate | 59.4% | 40.9% | 31.3% |
| Vacancy Rate | 4.5% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Lawndale has a homeownership rate of 36.1%, lower than the California average of 51.6%. Its housing vacancy rate is 4.5%, compared with 7.6% in California.
Housing Stock
| Metric | Lawndale | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.13 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 4.3 | 5.0 | 5.5 |
The typical housing unit in Lawndale was built around 1967. On average, 3.1 people live in a home with about 4.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lawndale, California.
What is the median home price in Lawndale, California?
The median home price in Lawndale, California is $450,000, lower than the California average of $642,203.
What is the average home price in Lawndale, California?
The typical home price in %s, reported as the median sale price, is %s. 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 Lawndale, California?
The median gross rent in Lawndale, California is $1,847 per month, lower than the California average of $1,955.
What was the median gross rent in Lawndale in 2020?
In 2020, the median gross rent in Lawndale, California was $1,564 per month.
What is the price-to-rent ratio in Lawndale, California?
The price-to-rent ratio in Lawndale, California is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lawndale.
Are home prices or rent rising faster in Lawndale, California?
Both home prices and rent are rising in Lawndale, up about 4.0% and 4.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Lawndale, California?
36.1% of households in Lawndale, California own their home, lower than the California average of 51.6%.
What is the vacancy rate in Lawndale, California?
The housing vacancy rate in Lawndale, California is 4.5%, lower than the California average of 7.6%.