Lawrence, IN—46236
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 $322,000, with a year-over-year change of 2.4%. This indicates that home prices in Lawrence, 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 | $322,000 | 2.4% |
| Single Family | $326,000 | 2.2% |
| Condos | $236,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 0.5% |
3 Bed | $279,000 | 2.2% |
4 Bed | $398,000 | 1.8% |
| 5 Bed | $664,000 | 1.5% |
% of Housing Stock
Rental Trends — Lawrence, IN
As of July '25, Rentcast reports the average rent in Lawrence, IN is $1,940, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Lawrence, IN is studios: $1,650, 1-bedrooms: $1,360, 3-bedrooms: $1,820, 4-bedrooms: $2,180. The most common rental property sizes in Lawrence, IN are 3-bedroom and 2-bedroom, accounting for 53.0% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | $1,360 | $1,360 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,860 | $1,820 |
| 4 Bed Rent | $2,200 | $2,180 |
% 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 57. This is a increase of 34.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | -3.0% |
Listing Count | 106 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 57 | 34.0% |
Demographics — Lawrence, IN
As of the latest ACS Survey released in 2023, Lawrence, IN has a population of 26,000, which has decreased by -7.5% over the past 5 years. Lawrence, IN is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,000 | -7.5% |
% Under 18 | 24.7% | 1.6% |
% Seniors | 15.5% | 27.0% |
% WFH | 17.2% | 126.3% |
% w/ College Degree | 53.3% | 5.1% |
As of the latest ACS Survey released in 2023, Lawrence, IN is a predominantly white area, with 65.7% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Lawrence, IN is black, making up 15.0% of the population. Foreign-born residents account for 6.5% of the population in Lawrence, IN, and this percentage has increased by 10.2% 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 | 65.7% | -7.1% |
% Black | 15.0% | -0.7% |
% Hispanic | 13.2% | 63.0% |
% Asian | 1.6% | -5.9% |
% Foreign Born | 6.5% | 10.2% |
Mortgage and Risk — Lawrence, IN
According to HUD data as of 2023, there were 620 mortgage originations in Lawrence, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Lawrence, IN. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 620 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Lawrence, IN
Lawrence, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,360 | $1,530 |
| 2 Bedroom | N/A | N/A | $1,790 |
| 3 Bedroom | $470 | $1,860 | $2,330 |
| 4 Bedroom | $630 | $2,200 | $2,830 |
Affordability — Lawrence, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $322,000 |
| Median Household Income | $118,000 |