In the latest quarter, Lawrence Township's appreciation rate has been 0.65%, which annualizes to a rate of 2.61%. NeighborhoodScout's data show that during the latest twelve months, Lawrence Township's appreciation rate, at 8.35%, has been at or slightly above the national average. The average annual home appreciation rate in Lawrence Township during the period has been just 3.99%, which is lower than 80% of US communities. Lawrence Township's appreciation rate notably has been below the national average for the last ten years. Lawrence Township Home Appreciation Rates There's also some housing in Lawrence Township built before 1939 ( 9.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.20%). There is also a lot of housing in Lawrence Township built between 1940-1969 ( 28.72%). There is a lot of housing in Lawrence Township built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. The township has a mixture of owners and renters, with 64.96% owning and 35.04% renting. The most prevalent building size and type in Lawrence Township are three and four bedroom dwellings, chiefly found in single-family detached homes. Other types of housing that are prevalent in Lawrence Township include large apartment complexes or high rise apartments ( 27.57%), row houses and other attached homes ( 16.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.30%). Single-family detached homes are the single most common housing type in Lawrence Township, accounting for 52.73% of the township's housing units. With a population of 33,016, 11,849 total housing units (homes and apartments), and a median house value of $465,616, real estate costs in Lawrence Township are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities. Lawrence Township, NJ Housing Market Trends
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