The housing market in Lawrence, IN is thriving. The median value for a home in the area is $243,000, which is significantly lower than the US median of $338,100. This makes Lawrence an attractive option for people looking to purchase a home. Additionally, Lawrence has experienced higher appreciation than the national rate in the past year at 10.28%, compared to 8.27%. This indicates that Lawrence is a great place to invest in real estate as there is potential for growth and appreciation over time.
The median home cost in Lawrence is $243,000. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Lawrence is up 17.3%.
Average Age of Homes
- The median age of Lawrence real estate is 26 years old
The Rental Market in Lawrence
- Renters make up 28.4% of the Lawrence population
- 2.1% of houses and apartments in Lawrence, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.