Lawrence, IN

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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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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, 18,288 total housing units (homes and apartments), and a median house value of $185,691, 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 62.03% of the city's housing units. Other types of housing that are prevalent in Lawrence include large apartment complexes or high rise apartments ( 18.22%), mobile homes or trailers ( 11.81%), and a few row houses and other attached homes ( 4.53%).

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 64.00% owning and 36.00% 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 1940-1969 ( 22.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.46%). There's also some housing in Lawrence built before 1939 ( 3.25%).

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 0.65% during the period.

Over the last year, Lawrence appreciation rates have trailed the rest of the nation. In the last twelve months, Lawrence's appreciation rate has been 4.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lawrence were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Indiana, our data show that Lawrence's latest annual appreciation rate is lower than 70% 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
> $1,158,000 0.5
$869,001 - $1,158,000 0.2
$579,001 - $869,000 1.2
$463,001 - $579,000 0.7
$347,001 - $463,000 4.5
$232,001 - $347,000 10.2
$116,001 - $232,000 46.6
$58,001 - $116,000 19.9
$0 - $58,000 16.2

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
40.4671532846715 15.8371040723982

Number Of Homes And Apartments:

Lawrence Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
9.63% 0.50%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,101 / per month

Homeownership Rate

Owners 64.00
Renters 36.00
Vacant 9.04

Housing Market Details


Age of Homes

2000 or Newer 20.5
1970 - 1999 54.2
1940 - 1969 22.1
1939 or Older 3.2

Types of Homes

Single-Family 62.0
Townhomes 4.5
Small Apt. Buildings 3.3
Apt. Complexes 18.2
Mobile Homes 11.8
Other 0.1

Home Size

No Bedroom 1.88
1 Bedroom 10.12
2 Bedrooms 23.68
3 Bedrooms 41.19
4 Bedrooms 19.81
5 or more bedrooms 3.33