Lawrence, IN


Highest Appreciating Lawrence Neighborhoods Since 2000

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lawrence Housing Market Information

With a population of 47,866, 17,557 total housing units (homes and apartments), and a median house value of $154,357, 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 62.02% of the city's housing units. Other types of housing that are prevalent in Lawrence include large apartment complexes or high rise apartments ( 17.69%), mobile homes or trailers ( 12.09%), and a few row houses and other attached homes ( 4.82%).

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 65.21% of Lawrence's homes, and 61.94% 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 1940-1969 ( 21.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.03%). There's also some housing in Lawrence built before 1939 ( 3.49%).

Lawrence Home Appreciation Rates

Real estate appreciation rates in Lawrence's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.16% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lawrence's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Lawrence's appreciation rate has been 1.05%, which annualizes to a rate of 4.27%.

Relative to Indiana, our data show that Lawrence's latest annual appreciation rate is higher than 50% 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:


Value Range
> $1,161,000 0.5
$871,001 - $1,161,000 0.2
$581,001 - $871,000 1.5
$464,001 - $581,000 0.4
$348,001 - $464,000 3.5
$232,001 - $348,000 9.7
$116,001 - $232,000 48.5
$58,001 - $116,000 20.9
$0 - $58,000 15.0

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
50.4537736401429 30.0904977375566

Number Of Homes And Apartments:

Lawrence Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
7.00% 0.38% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,023 / per month

Homeownership Rate

Owners 65.21
Renters 34.79
Vacant 9.38

Housing Market Details


Age of Homes

2000 or Newer 19.0
1970 - 1999 56.2
1940 - 1969 21.3
1939 or Older 3.5

Types of Homes

Single-Family 62.0
Townhomes 4.8
Small Apt. Buildings 3.3
Apt. Complexes 17.7
Mobile Homes 12.1
Other 0.1

Home Size

No Bedroom 1.97
1 Bedroom 8.87
2 Bedrooms 24.95
3 Bedrooms 43.90
4 Bedrooms 18.04
5 or more bedrooms 2.27