Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 30,155, 9,879 total housing units (homes and apartments), and a median house value of $1,040,862, real estate costs in Lawndale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Lawndale, accounting for 55.85% of the city's housing units. Other types of housing that are prevalent in Lawndale include large apartment complexes or high rise apartments ( 21.07%), row houses and other attached homes ( 13.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.93%).
People in Lawndale primarily live in small (one, two or no bedroom) single-family detached homes. Lawndale has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lawndale's housing was primarily built during this period, from the '40s through the '60s. A full 53.88% of the city's housing hails from this era. Other housing ages represented in Lawndale include homes built between 1970-1999 ( 33.98%) and housing constructed before 1939 ( 6.32%). There's also some housing in Lawndale built between 2000 and later ( 5.83%).
In the last 10 years, Lawndale has experienced some of the highest home appreciation rates of any community in the nation. Lawndale real estate appreciated 119.90% over the last ten years, which is an average annual home appreciation rate of 8.20%, putting Lawndale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lawndale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Lawndale that despite a nationwide downturn in the housing market, Lawndale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawndale appreciation rates continue to be some of the highest in America, at 7.69%, which is higher than appreciation rates in 92.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawndale. Lawndale appreciation rates in the latest quarter were at 0.65%, which equates to an annual appreciation rate of 2.61%.
Relative to California, our data show that Lawndale's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lawndale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawndale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lawndale real estate investment or home purchase decisions.
$1,040,862
for California
for nation
9,879
$3,086 / per month