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Lawrenceville

Learn about the people, housing, costs and businesses in Lawrenceville, Illinois

Median Home$84,448
Median Rent$814/month
Population4,261
Leading IndustriesProfessional Services · Finance & Insurance · Public Administration5% professional services
Home Value Growth+7.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners62% of occupied units
NotableTransit83/100 · excellent transit access
NotableAffordable Market$84k median home · lower cost than 96% of the country
Lawrenceville
IL

Frequently Asked Questions

What are today's mortgage rates in Lawrenceville?

As of today, the 30-year fixed mortgage rate for Lawrenceville is approximately 7.625% (7.655% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lawrenceville?

The median home value in Lawrenceville is $84k. The median monthly rent is $814. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lawrenceville?

Home values in Lawrenceville have increased 7.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lawrenceville?

Based on a typical all-in ownership cost of $738/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lawrenceville is $49k/year.

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What industries drive the economy in Lawrenceville?

The largest employment sectors in Lawrenceville are public administration (28%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.