Lawrence North, Indianapolis, IN—46218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lawrence North, Indianapolis, IN
As of Oct '25, the median home price in Lawrence North, Indianapolis, IN is $113,000, with a year-over-year change of -0.2%. This indicates that home prices in Lawrence North, Indianapolis, IN are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $113,000 | -0.2% |
| Single Family | $113,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $83,000 | 2.5% |
2 Bed | $102,000 | 0.0% |
3 Bed | $121,000 | 0.8% |
4 Bed | $137,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lawrence North, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Lawrence North, Indianapolis, IN is $1,150, with a year-over-year rent change of 6.5%. Per bedroom, the median rent as of July '25 in Lawrence North, Indianapolis, IN is studios: $910, 1-bedrooms: $813, 2-bedrooms: $1,060, 3-bedrooms: $1,260, 4-bedrooms: $1,480. The most common rental property sizes in Lawrence North, Indianapolis, IN are 2-bedroom and 3-bedroom, accounting for 45.9% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,150 |
| Studio Rent | $890 | $910 |
| 1 Bed Rent | $825 | $813 |
| 2 Bed Rent | $1,050 | $1,060 |
| 3 Bed Rent | $1,220 | $1,260 |
| 4 Bed Rent | $1,250 | $1,480 |
% of Rental Stock
Property Listings — Lawrence North, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lawrence North, Indianapolis, IN is 51. This is a decrease of -11.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $156,000 | 4.0% |
Listing Count | 193 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 51 | -11.0% |
Demographics — Lawrence North, Indianapolis, IN
As of the latest ACS Survey released in 2023, Lawrence North, Indianapolis, IN has a population of 28,600, which has increased by 2.5% over the past 5 years. Lawrence North, Indianapolis, IN is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,600 | 2.5% |
% Under 18 | 26.3% | 9.6% |
% Seniors | 18.0% | 26.8% |
% WFH | 8.6% | 132.4% |
% w/ College Degree | 11.3% | 39.5% |
As of the latest ACS Survey released in 2023, Lawrence North, Indianapolis, IN is a predominantly black area, with 68.4% of the population identifying as black. The black population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Lawrence North, Indianapolis, IN is white, making up 17.8% of the population. Foreign-born residents account for 4.5% of the population in Lawrence North, Indianapolis, IN, and this percentage has increased by 7.1% 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 | 17.8% | -6.8% |
% Black | 68.4% | -4.9% |
% Hispanic | 9.4% | 28.8% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 4.5% | 7.1% |
Mortgage and Risk — Lawrence North, Indianapolis, IN
According to HUD data as of 2023, there were 375 mortgage originations in Lawrence North, Indianapolis, IN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence North, Indianapolis, IN. Investor activity is low, as 6.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 375 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lawrence North, Indianapolis, IN
As of 2024, the percent of homes in Lawrence North, Indianapolis, IN under the Section 8 program is 23.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lawrence North, Indianapolis, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,499 |
Total Units Section 8 | 1,498 |
% Rentals under Section 8 | 23.2% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $825 | $1,040 |
| 2 Bedroom | $170 | $1,050 | $1,220 |
| 3 Bedroom | $370 | $1,220 | $1,590 |
| 4 Bedroom | $670 | $1,250 | $1,920 |
Affordability — Lawrence North, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $113,000 |
| Median Household Income | $34,600 |