The typical owner-occupied home in Lawrenceville is worth about $126,700, 67% below the Virginia median of $383,700 and 62% below the national median of $332,700. Owners pay a median $670 a year in property taxes, about 0.53% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $33,611 a year, so the median home costs 3.8 times the median income (4.1 times for Virginia). 35% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Lawrenceville at a glance
| Lawrenceville | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $126,700 | $383,700 | $332,700 |
| Median property tax paid per year | $670 | $2,790 | $3,119 |
| Property tax as a share of value | 0.53% | 0.73% | 0.94% |
| Median household income | $33,611 | $93,170 | $80,734 |
| Homes lived in by their owners | 35% | 67% | 65% |
| Owner homes with a mortgage | 47% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,144 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 26.2% | 20.1% | 21.0% |
| Median rent | $837 | $1,579 | $1,413 |
| Rent as a share of renters' income | 32.1% | 29.4% | 30.6% |
| Median year homes were built | 1955 | 1984 | 1980 |
| Vacant homes | 5.6% | 8.7% | 10.1% |
| Population | 1,272 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Lawrenceville
At this week's average 30-year rate of 7.11%, buying the median Lawrenceville home of $126,700 with 20% down costs about $791 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,002, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $33,883 for the 20%-down payment. That payment is 28% of the median Lawrenceville household income of $33,611; at that income and 20% down, the 28% guideline points to a home of about $126,000.
The median rent here is $837 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,340 |
|---|---|
| Loan amount | $101,360 |
| Principal and interest | $682 |
| Property taxes (0.53% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| PMI | $0 |
| Total per month | $791 |
Change the numbers in the calculator
| Down payment | $4,434 |
|---|---|
| Loan amount | $124,405 |
| Principal and interest | $837 |
| Property taxes (0.53% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $53 |
| FHA mortgage insurance | $56 |
| Total per month | $1,002 |
Change the numbers in the calculator
Questions about home buying in Lawrenceville
What is the median home value in Lawrenceville?
About $126,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lawrenceville?
Homeowners pay a median $670 a year, which is about 0.53% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lawrenceville?
For the median home with 20% down at 7.11%, the payment is about $791 a month. Keeping that under 28% of gross income takes about $33,883 a year.
More about Lawrenceville
- Mortgage Refinance in Lawrenceville
- Debt Relief in Lawrenceville
- Home Equity Loans in Lawrenceville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data