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
With a population of 48,704, 18,464 total housing units (homes and apartments), and a median house value of $196,035, Lawrence real estate is some of the most expensive in Indiana, although Lawrence home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Lawrence, accounting for 63.24% of the city's housing units. Other types of housing that are prevalent in Lawrence include large apartment complexes or high rise apartments ( 16.92%), mobile homes or trailers ( 11.93%), and a few row houses and other attached homes ( 4.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lawrence. Owner-occupied housing accounts for 65.07% of Lawrence's homes, and 61.50% have either three or four bedrooms, which is average sized relative to America.
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 ( 22.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.28%). There's also some housing in Lawrence built before 1939 ( 3.36%).
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 18.40%, which ranks in the top 50% nationwide. This equates to an annual average Lawrence house appreciation rate of 1.70%.
Appreciation rates are so strong in Lawrence that despite a nationwide downturn in the housing market, Lawrence real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lawrence appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 88.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lawrence. Lawrence appreciation rates in the latest quarter were at 0.48%, which equates to an annual appreciation rate of 1.93%.
Notably, Lawrence's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Lawrence's latest annual appreciation rate is higher than 80% 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.
|$893,001 - $1,191,000||0.3|
|$595,001 - $893,000||1.5|
|$476,001 - $595,000||0.9|
|$357,001 - $476,000||4.0|
|$238,001 - $357,000||11.6|
|$119,001 - $238,000||44.7|
|$60,001 - $119,000||19.9|
|$0 - $60,000||16.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Lawrence HOMES|
|2000 or Newer||22.6|
|1970 - 1999||51.7|
|1940 - 1969||22.3|
|1939 or Older||3.4|
|TYPE OF Lawrence HOMES|
|Small Apt. Buildings||3.1|
|SIZE OF Lawrence HOMES|
|5 or more bedrooms||4.05|