Lawrence, IN—46216
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lawrence, IN
Home Price Trends — Lawrence, IN
As of Oct '25, the median home price in Lawrence, IN is $304,000, with a year-over-year change of 2.7%. This indicates that home prices in Lawrence, IN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 2.7% |
| Single Family | $301,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $328,000 | 1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawrence, IN
As of July '25, Rentcast reports the average rent in Lawrence, IN is $1,760, with a year-over-year rent change of -22.8%. Per bedroom, the median rent as of July '25 in Lawrence, IN is 1-bedrooms: $1,230, 2-bedrooms: $1,440, 3-bedrooms: $2,200, 4-bedrooms: $2,120. The most common rental property sizes in Lawrence, IN are 2-bedroom and 1-bedroom, accounting for 53.2% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,060 | $1,230 |
| 2 Bed Rent | $1,180 | $1,440 |
| 3 Bed Rent | $2,240 | $2,200 |
| 4 Bed Rent | $2,120 | $2,120 |
% of Rental Stock
Property Listings — Lawrence, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence, IN is 52. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | -10.0% |
Listing Count | 7 | 61.0% |
| Listings as % of Homes | 0.3% | 61.0% |
Days on Market | 52 | -23.0% |
Demographics — Lawrence, IN
As of the latest ACS Survey released in 2023, Lawrence, IN has a population of 2,550, which has increased by 21.3% over the past 5 years. Lawrence, IN is a less popular place for families, as children make up 12.0% of the population. The area has a highly educated workforce, with 51.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,550 | 21.3% |
% Under 18 | 12.0% | 8.1% |
% Seniors | 25.4% | -9.3% |
% WFH | 12.5% | 81.2% |
% w/ College Degree | 51.9% | 11.1% |
As of the latest ACS Survey released in 2023, Lawrence, IN is a predominantly white area, with 48.8% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Lawrence, IN is black, making up 38.7% of the population. Foreign-born residents account for 5.5% of the population in Lawrence, IN, and this percentage has increased by 31.0% 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 | 48.8% | -9.0% |
% Black | 38.7% | 9.6% |
% Hispanic | 8.4% | 42.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 5.5% | 31.0% |
Mortgage and Risk — Lawrence, IN
According to HUD data as of 2023, there were 40 mortgage originations in Lawrence, IN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, IN. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lawrence, IN
As of 2024, the percent of homes in Lawrence, IN under the Section 8 program is 8.2%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lawrence, IN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,060 | $1,240 |
| 2 Bedroom | $270 | $1,180 | $1,450 |
| 3 Bedroom | -$350 | $2,240 | $1,890 |
| 4 Bedroom | $170 | $2,120 | $2,290 |
Affordability — Lawrence, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $304,000 |
| Median Household Income | $56,800 |