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Lawrence, IN

Full City Profile · Indiana · Hancock County County

3.5 /5.0
B+ Good
49,284 Population 2,445/sq mi density
$73,455 Median Income $36,911 per capita
$220,400 Home Value $265,308 Zillow
$1,084 Median Rent 30.6% income on rent
52°F Avg Temperature 293 sunny days/yr
360 Violent Crime/100K 2,199 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$73,455 median income, 3.1% unemployment
A+
Affordability
5.0 / 5.0
$220,400 home value, $1,084/mo rent
F
Safety
1.0 / 5.0
360 violent crimes/100K
B+
Education
3.8 / 5.0
35.4% bachelor's degree or higher

Housing Overview

Median Home Value
$220,400
22% below
US avg: $281,900
Median Rent
$1,084/mo
7% below
US avg: $1,163/mo
Homeownership Rate
66.1%
1% above US avg (65.4%)
Total Housing Units
20,275
Median year built: 1991

Home Value by Source

Census Median
$220,400
Zillow (ZHVI)
$265,308
Median Sale Price
$260,000
Median List Price
$285,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

66.1%
Owner-Occupied
33.9%
Renter-Occupied
66%
34%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$685/mo
1 Bedroom
$729/mo
2 Bedroom
$956/mo
3 Bedroom
$1,146/mo
4 Bedroom
$1,447/mo
Census median rent: $1,084/mo · Zillow rent: $1,560/mo

Market Indicators (Redfin)

Median Days on Market
51 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
35
Price Drops
40.3%
of listings with price reduction
Price Per Sq Ft
$146
Active Inventory
67
homes for sale

Affordability & Housing Stock

Rent Burden
30.6%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1991
Average age of housing stock: 35 years
Homeownership Rate
66.1%

Complete Housing Data

Home Values

Census Median Value$220,400
Zillow Home Value (ZHVI)$265,308
Median Sale Price$260,000
Median List Price$285,000
Price Per Sq Ft$146

Rent

Census Median Rent$1,084
Zillow Rent (ZORI)$1,560
FMR Studio$685
FMR 1-Bedroom$729
FMR 2-Bedroom$956
FMR 3-Bedroom$1,146
FMR 4-Bedroom$1,447

Market

Days on Market51
Sale-to-List Ratio1.0%
Price Drops40.3%
Homes Sold35
Active Inventory67
Price Per Sq Ft$146

Ownership & Stock

Owner-Occupied66.1%
Renter-Occupied33.9%
Homeownership Rate66.1%
Total Housing Units20,275
Median Year Built1991
Rent Burden30.6%