Lawrence, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q1 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 $181,356, 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 0.19% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lawrence's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Lawrence's appreciation rate has been 1.16%, which annualizes to a rate of 4.72%.

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.

Average Home Values

 

Median Home Value:
$181,356

Lawrence, IN HOME PRICES

Value Range
> $1,131,252 0.5
$848,652 - $1,131,252 0.2
$565,818 - $848,651 1.2
$452,518 - $565,817 0.7
$339,369 - $452,517 4.5
$226,068 - $339,368 10.2
$113,239 - $226,067 46.6
$56,664 - $113,238 19.9
$0 - $56,663 16.2

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
41.021897810219 16.5158371040724

Number Of Homes And Apartments:
18,288

Lawrence Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
7.08% 0.38%
1
1
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Homeownership
Owners 64.00
Renters 36.00
Vacant 9.04

Housing Market Details

 

Age of Homes

AGE OF Lawrence HOMES
2000 or Newer 20.5
1970 - 1999 54.2
1940 - 1969 22.1
1939 or Older 3.2

Types of Homes

TYPE OF Lawrence 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

SIZE OF Lawrence HOMES
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