Lawrence, IN 46216 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lawrence, IN—46216

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$305,000

2.3% YoY Growth

Household Income

$56,800

36.8% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$1,700

22.8% YoY Growth

1-Bed Rent

$1,060

N/A

2-Bed Rent

$1,180

N/A

3-Bed Rent

$2,240

3.8% YoY Growth

Other Zip Codes in Lawrence, IN

46236

Home Price Trends — Lawrence, IN

As of Dec '25, the median home price in Lawrence, IN is $305,000, with a year-over-year change of 2.3%. This indicates that home prices in Lawrence, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$305,000	2.3%
Single Family	$301,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

39.3%

2 Bedrooms

53.2%

3 Bedrooms

6.6%

4 Bedrooms

0.9%

Property Listings — Lawrence, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Lawrence, IN is 62. This is a increase of 16.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$392,000	-3.0%
Listing Count	9	14.0%
Listings as % of Homes	0.3%	14.0%
Days on Market	35	10.0%

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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%

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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%

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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%

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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

Lawrence, IN—46216

Key Metrics at a Glance

Other Zip Codes in Lawrence, IN

Home Price Trends — Lawrence, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lawrence, IN

% of Rental Stock

Property Listings — Lawrence, IN

Demographics — Lawrence, IN

Race and Ethnicity

Mortgage and Risk — Lawrence, IN

Mortgages

Rentals and Section 8 — Lawrence, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lawrence, IN

Home Price to Income Ratio

Lawrence, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Speedway/Wayne Area, Indianapolis, IN

Southwest Indianapolis, Indianapolis, IN

Lawrence, IN

Carmel North, Indianapolis, IN

Beech Grove, Indianapolis, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$305,000
Median Household Income	$56,800

Lawrence, IN—46216

Key Metrics at a Glance

Other Zip Codes in Lawrence, IN

Home Price Trends — Lawrence, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lawrence, IN

% of Rental Stock

Property Listings — Lawrence, IN

Demographics — Lawrence, IN

Race and Ethnicity

Mortgage and Risk — Lawrence, IN

Mortgages

Rentals and Section 8 — Lawrence, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lawrence, IN

Home Price to Income Ratio

Lawrence, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Speedway/Wayne Area, Indianapolis, IN

Southwest Indianapolis, Indianapolis, IN

Lawrence, IN

Carmel North, Indianapolis, IN

Beech Grove, Indianapolis, IN

Frequently Asked Questions

What is the average home price in Lawrence, IN 46216?

How have home prices in Lawrence, IN 46216 changed over the past year?

What is the home price projection for Lawrence, IN 46216?

What are the demographics of Lawrence, IN 46216?

How long does it take homes to sell in Lawrence, IN 46216?

What is the average rent price in Lawrence, IN 46216?