Lawrence Township, Indianapolis, IN—46214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawrence Township, Indianapolis, IN
As of Oct '25, the median home price in Lawrence Township, Indianapolis, IN is $230,000, with a year-over-year change of 1.4%. This indicates that home prices in Lawrence Township, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 1.4% |
| Single Family | $244,000 | 1.7% |
| Condos | $176,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $179,000 | 0.0% |
3 Bed | $233,000 | 1.7% |
4 Bed | $279,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawrence Township, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Lawrence Township, Indianapolis, IN is $1,600, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Lawrence Township, Indianapolis, IN is studios: $1,050, 1-bedrooms: $1,110, 2-bedrooms: $1,420, 3-bedrooms: $1,850, 4-bedrooms: $2,030. The most common rental property sizes in Lawrence Township, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 37.3% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,620 | $1,600 |
| Studio Rent | $823 | $1,050 |
| 1 Bed Rent | $1,110 | $1,110 |
| 2 Bed Rent | $1,250 | $1,420 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $2,050 | $2,030 |
% of Rental Stock
Property Listings — Lawrence Township, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence Township, Indianapolis, IN is 36. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $234,000 | -3.0% |
Listing Count | 55 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 36 | 17.0% |
Demographics — Lawrence Township, Indianapolis, IN
As of the latest ACS Survey released in 2023, Lawrence Township, Indianapolis, IN has a population of 24,600, which has increased by 1.8% over the past 5 years. Lawrence Township, Indianapolis, IN is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,600 | 1.8% |
% Under 18 | 24.4% | 4.7% |
% Seniors | 13.8% | 13.1% |
% WFH | 10.5% | 320.0% |
% w/ College Degree | 26.5% | 22.7% |
As of the latest ACS Survey released in 2023, Lawrence Township, Indianapolis, IN is a predominantly white area, with 43.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Lawrence Township, Indianapolis, IN is black, making up 33.4% of the population. Foreign-born residents account for 13.6% of the population in Lawrence Township, Indianapolis, IN, and this percentage has increased by 20.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.4% | -3.6% |
% Black | 33.4% | -7.5% |
% Hispanic | 17.4% | 27.0% |
% Asian | 0.7% | -61.1% |
% Foreign Born | 13.6% | 20.4% |
Mortgage and Risk — Lawrence Township, Indianapolis, IN
According to HUD data as of 2023, there were 436 mortgage originations in Lawrence Township, Indianapolis, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence Township, Indianapolis, IN. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lawrence Township, Indianapolis, IN
As of 2024, the percent of homes in Lawrence Township, Indianapolis, IN under the Section 8 program is 3.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lawrence Township, Indianapolis, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 198 |
Total Units Section 8 | 198 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,110 | $1,040 |
| 2 Bedroom | -$30 | $1,250 | $1,220 |
| 3 Bedroom | -$260 | $1,850 | $1,590 |
| 4 Bedroom | -$130 | $2,050 | $1,920 |
Affordability — Lawrence Township, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $230,000 |
| Median Household Income | $58,900 |