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 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%).
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.
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 |
Value Relative to Nation | Value Relative to State |
---|---|
40.8525547445255 | 18.3257918552036 |
Homeownership | |
---|---|
Owners | 63.97 |
Renters | 36.03 |
Vacant | 7.95 |
AGE OF Lawrence HOMES | |
---|---|
2000 or Newer | 22.4 |
1970 - 1999 | 52.1 |
1940 - 1969 | 22.4 |
1939 or Older | 3.0 |
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 |
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 |