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Lawrence, IN—46236

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$333,000
0.9% YoY Growth
Household Income
$118,000
41.9% YoY Growth
Days on Market
34
7.0% Shorter YoY
Home Price Forecast
1.2%
Median Rent
$1,900
3.7% YoY Growth
1-Bed Rent
$1,360
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,860
1.1% YoY Growth

Other Zip Codes in Lawrence, IN

46216
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lawrence, IN

As of May '26, the median home price in Lawrence, IN is $333,000, with a year-over-year change of 0.9%. This indicates that home prices in Lawrence, IN are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$333,0000.9%
Single Family $337,0000.6%
Condos $240,000-3.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$218,000-0.5%
    3 Bed
    		$287,0000.3%
    4 Bed
    		$412,0001.0%
    5 Bed $686,4362.5%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    0.6%
    2 Bedrooms
    14.4%
    3 Bedrooms
    41.9%
    4 Bedrooms
    32.2%
    5+ Bedrooms
    10.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,940
    Studio Rent $1,650$1,650
    1 Bed Rent $1,360$1,360
    2 Bed Rent N/AN/A
    3 Bed Rent $1,860$1,820
    4 Bed Rent $2,200$2,180
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    % of Rental Stock

    2 Bedrooms
    30.9%
    3 Bedrooms
    53.0%
    4 Bedrooms
    16.0%

    Property Listings — Lawrence, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Lawrence, IN is 34. This is a decrease of -7.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$384,000-6.0%
    Listing Count
    		12038.0%
    Listings as % of Homes0.5%38.0%
    Days on Market
    		34-7.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$170$1,360$1,530
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$333,000
    Median Household Income$118,000

    Lawrence, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Speedway/Wayne Area, Indianapolis, IN

    46256

    Lawrence, IN

    46216

    Southwest Indianapolis, Indianapolis, IN

    46235

    McCordsville, IN

    46055

    Fishers, IN

    46037

    Frequently Asked Questions