01840, Lawrence, MA

The 1840 zip code of Lawrence, MA, had a median home value of $5,000. This was lower than the median home value for the entire United States at $7,500. The low home value may be due to the fact that Lawrence was a rural area in 1840. Additionally, there were only about 1,000 households in this zip code.

Despite the low home value, Lawrence experienced steady growth throughout the 19th century. The population increased from 1,000 in 1840 to 10,000 by 1900. This growth can be partially attributed to the establishment of colleges and universities in Lawrence during this time period. Additionally, many new businesses and families moved into Lawrence during this time period because of its favorable economic conditions.

In recent years, Lawrence has seen a decline in its home values relative to other parts of Massachusetts and the United States as a whole. This decline is likely due to several factors including rising interest rates and decreased demand for housing caused by increasing unemployment rates. Despite these challenges, there is still potential for homeownership in Lawrence as long as they are able to afford high mortgage payments and maintain good credit ratings