Zip Code:

01843, Lawrence, MA

01843 is a Massachusetts Zip code within the city of Lawrence and the county of Essex County. Its population is roughly 25,002.

The Real Estate Market in Lawrence, Massachusetts in 1843

The 1843 zip code of Lawrence, MA is home to a population of approximately 10,000 people. The median home value in this zip code is $187,500, which is significantly higher than the Massachusetts statewide median home value of $157,600. Additionally, the 1843 zip code has a median household income of $92,000 which is significantly higher than the statewide median household income of $65,600. These high home values and incomes are likely due to the presence of prestigious universities such as Harvard University and Boston College in this area.

Despite these high home values and incomes, there have been concerns about the stability of the Lawrence housing market over recent years. In particular, there has been an increase in foreclosures in this area which has led to a decrease in house prices and a decrease in homeownership rates. Additionally, there have been concerns about rising interest rates which could lead to an increase in mortgage payments for homeowners who are already struggling to afford their homes. However, despite these concerns, it appears that the Lawrence housing market remains relatively stable overall and should continue to be strong over the long term.

Price Index: Cambridge-Newton-Framingham, MA (MSAD)

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Buy & Sell Shares of Homes in 01843, Lawrence, MA

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