Lawrenceville, Georgia Housing Market Prices
Lawrenceville 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 4% below the Georgia median$245,509
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Median rent 20% above the Georgia median$1,672
Housing Market Overview
| Metric | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $245,509 | $256,986 | $248,835 |
| Price Trend (Annual %) | 7.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,672 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 8.2% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrenceville is about 4% lower than in Georgia. Rent is about 20% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lawrenceville, up about 7.1% and 8.2% a year respectively. Rent is changing faster.
Median rent in Lawrenceville rose about 89.4% between 2015 and 2024, from $883 to $1,672. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Lawrenceville.
Buying the median-priced home in Lawrenceville 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 Lawrenceville. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $245,509 | $256,986 | $248,835 |
| Median Household Income | $69,535 | $77,523 | $80,455 |
| Price-to-Income Ratio | 3.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lawrenceville rose about 61.7%, while median household income rose about 9.0% 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 | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.8% | 58.9% | 58.5% |
| Rental Rate | 46.0% | 30.8% | 31.2% |
| Vacancy Rate | 4.2% | 10.3% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Lawrenceville has a homeownership rate of 49.8%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 4.2%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Lawrenceville | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.93 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Lawrenceville was built around 1991. On average, 2.9 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Lawrenceville, GA Housing Compared With Nearby Cities
How Lawrenceville, GA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lawrenceville, GA | 37,670 | $245,509 #2/2 | $1,672 #2/2 | 52.0% #2/2 |
| Snellville, GA | 22,105 | $362,212 | $1,756 | 79.2% |
Frequently Asked Questions
Common questions about the housing market in Lawrenceville, Georgia.
What is the median home price in Lawrenceville, Georgia?
The median home price in Lawrenceville, Georgia is $245,509, lower than the Georgia average of $256,986.
What is the average home price in Lawrenceville, Georgia?
The typical home price in Lawrenceville, Georgia, reported as the median sale price, is $245,509. 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 Lawrenceville, Georgia?
The median gross rent in Lawrenceville, Georgia is $1,672 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Lawrenceville in 2020?
In 2020, the median gross rent in Lawrenceville, Georgia was $1,120 per month.
What is the price-to-rent ratio in Lawrenceville, Georgia?
The price-to-rent ratio in Lawrenceville, Georgia 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 Lawrenceville.
Are home prices or rent rising faster in Lawrenceville, Georgia?
Both home prices and rent are rising in Lawrenceville, up about 7.1% and 8.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Lawrenceville, Georgia?
49.8% of households in Lawrenceville, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Lawrenceville, Georgia?
The housing vacancy rate in Lawrenceville, Georgia is 4.2%, lower than the Georgia average of 10.3%.
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