Lawrence IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lawrence, IN Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lawrence Housing Market Information

With a population of 49,462, 18,113 total housing units (homes and apartments), and a median house value of $203,983, Lawrence real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lawrence, accounting for 63.43% of the city's housing units. Other types of housing that are prevalent in Lawrence include large apartment complexes or high rise apartments ( 16.55%), mobile homes or trailers ( 12.25%), and a few row houses and other attached homes ( 4.40%).

The most prevalent building size and type in Lawrence are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.97% owning and 36.03% renting.

There is a lot of housing in Lawrence built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lawrence built between 2000 and later ( 22.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.42%). There's also some housing in Lawrence built before 1939 ( 3.04%).

Lawrence Home Appreciation Rates

Appreciation rates for homes in Lawrence have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 34.13%, which ranks in the top 40% nationwide. This equates to an annual average Lawrence house appreciation rate of 2.98%.

NeighborhoodScout's data show that during the latest twelve months, Lawrence's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Lawrence's appreciation rate has been 1.74%, which annualizes to a rate of 7.16%.

Relative to Indiana, our data show that Lawrence's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lawrence differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lawrence - 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 Lawrence real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$203,983

Lawrence, IN HOME PRICES

Value Range
> $1,263,000 0.3
$947,001 - $1,263,000 0.3
$632,001 - $947,000 1.5
$505,001 - $632,000 1.0
$379,001 - $505,000 4.6
$253,001 - $379,000 12.4
$126,001 - $253,000 44.1
$63,001 - $126,000 20.9
$0 - $63,000 14.9

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
40.8525547445255 18.3257918552036

Number Of Homes And Apartments:
18,113

Lawrence Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
29.26% 1.24%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,236 / per month

Homeownership Rate

Homeownership
Owners 63.97
Renters 36.03
Vacant 7.95

Housing Market Details

 

Age of Homes

AGE OF Lawrence HOMES
2000 or Newer 22.4
1970 - 1999 52.1
1940 - 1969 22.4
1939 or Older 3.0

Types of Homes

TYPE OF Lawrence HOMES
Single-Family 63.4
Townhomes 4.4
Small Apt. Buildings 3.4
Apt. Complexes 16.5
Mobile Homes 12.3
Other 0.0

Home Size

SIZE OF Lawrence HOMES
No Bedroom 1.41
1 Bedroom 8.15
2 Bedrooms 23.62
3 Bedrooms 42.54
4 Bedrooms 20.26
5 or more bedrooms 4.02