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 47,809 people, 17,557 houses or apartments, and a median cost of homes of $152,885, 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%).
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 0.02% during the period.
NeighborhoodScout's data show that during the latest twelve months, Lawrence's appreciation rate, at 6.19%, has been at or slightly above the national average. In the latest quarter, Lawrence's appreciation rate has been 4.94%, which annualizes to a rate of 21.27%.
Importantly, NeighborhoodScout’s exclusive research found that Lawrence's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Indiana, our data show that Lawrence's latest annual appreciation rate is higher 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.
|$863,001 - $1,150,000||0.2|
|$575,001 - $863,000||1.5|
|$460,001 - $575,000||0.4|
|$345,001 - $460,000||3.5|
|$230,001 - $345,000||9.7|
|$115,001 - $230,000||48.5|
|$58,001 - $115,000||20.9|
|$0 - $58,000||15.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Lawrence HOMES|
|2000 or Newer||19.0|
|1970 - 1999||56.2|
|1940 - 1969||21.3|
|1939 or Older||3.5|
|TYPE OF Lawrence HOMES|
|Small Apt. Buildings||3.3|
|SIZE OF Lawrence HOMES|
|5 or more bedrooms||2.27|