Home Insurance in Lawrence, Massachusetts
The median home value in Lawrence is $415,200, 33% lower than the Essex County median.
The typical home in Lawrence was built around 1950. About 59% of homes were built before 1960, about 10 points above Essex County's 50%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
The housing stock in Lawrence is 27% single-family homes and 29% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
About 72% of owner-occupied homes in Lawrence have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 28% of occupied homes in Lawrence are owner-occupied.
70% of homes in Lawrence are primarily heated with natural gas.
FEMA rates Essex County's overall risk as Relatively High, led by coastal flooding (Very High). Essex County had 8,754 active NFIP flood policies as of September 2026. See the full Essex County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Massachusetts carries a statewide average premium of $2,134 per year.
Key figures
| Median home value | $415,200 |
|---|---|
| Median year built | 1950 |
| Owner-occupied share | 28% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Coastal Flooding (Very High) |
| Active NFIP policies in Essex County | 8,754 |
| Home insurance premium | $2,134 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)