Español

Este sitio también está en español. Leer en español

City · 49,517 residents · Marion County, Indiana

Lawrence , Indiana

In Lawrence, a typical home is worth $230,100 and typical rent is $1,178 a month. Compared with all of Marion County, typical household income is 12% higher and the share of households that own their home is 10 points higher.

WhatsApp

  • Typical home value

    $230,100

    3% above the county

    5% above Indiana

    • Lawrence
    • Marion
    • Indiana

  • Typical rent

    $1,178a month

    2% above the county

    11% above Indiana

    • Lawrence
    • Marion
    • Indiana

  • Typical household income

    $74,022a year

    12% above the county

    3% above Indiana

    • Lawrence
    • Marion
    • Indiana

  • Households that own their home

    66%

    10 points above the county

    4 points below Indiana

    • Lawrence
    • Marion
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$266,750
about the same as 12 months ago
Typical rent
$1,540 a month
4.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lawrence is in Marion County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Marion County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lawrence apart

What this place has that others do not, from public data, most unusual first.

  1. 66% of households in Lawrence own their home, against 57% in Marion County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lawrence

What homes there are in Lawrence, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Lawrence: 63% of homes, more than in Marion County (59%).

In Lawrence there are many mobile homes: 11% of homes; in Marion County, 2%.

Year built

Homes in Lawrence are newer: the typical year built is 1992; in Marion County, 1973.

In Lawrence, 65% of homes have 3 bedrooms or more, more than in Marion County (53%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Lawrence sit under the FHA limit for Marion County ($541,287): about 96%.

Monthly rent with utilities

With a mortgage

$1,455 a month

Marion County: $1,453 a month

Without a mortgage

$598 a month

Marion County: $550 a month

Owners with a mortgage

65%

Marion County: 68%

In Lawrence, 65% of owners have a mortgage; their typical cost is $1,455 a month, about the same as in Marion County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Lawrence gained value more slowly than in Marion County: 55% since 2015–2019, against 64%.

Much as in Marion County, the typical rent in Lawrence rose 31% since 2015–2019.

To compare: typical income in Lawrence rose 30%; the home, +55%; the rent, +31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLawrenceMarion CountyIndianaUnited States
Rental vacancy Unreliable estimate4.9%5.6%5.5%
Homeowner vacancy Unreliable estimate1.2%0.8%0.9%
More than one person per room 2.2%2.8%1.8%3.4%
People per household 2.512.402.462.53
Drive alone 72%72%76%69%
Carpool 11%10%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 15%14%11%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More than one person per room: that is how 2.2% of households in Lawrence live, near the figure in Marion County (2.8%).

A household in Lawrence has 2.51 people on average, about the same as in Marion County (2.40).

The car rules in Lawrence: 72% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lawrence?

A typical home is tight for the typical income

We start with a typical home in Lawrence, worth $230,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Lawrence, which is $74,022 a year. For that payment to be 28% of income, a household would need to earn about $80,968 a year.

The calculator's FHA and conventional loan limits are those of all of Marion County.

Your numbers

Local data
$

Starts at the typical home value in Lawrence. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,054 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,889

at 7.18% · 30 years

Loan amount
$225,932
Total interest
$325,063
Paid off in
November 2056

Includes $3,886 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,727 a month

  • Tight

    $1,727 to $2,221 a month

    Your payment · 31%

  • Hard

    more than $2,221 a month

Compared with the typical household income in Lawrence ($74,022 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,889
Principal & interest$1,531
Property tax$161
Home insurance$96
FHA mortgage insurance (MIP)$102

You need at least $8,054 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lawrence and Marion County

Lawrence is in Marion County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lawrence's own numbers

Typical home value
$230,100
Typical monthly rent
$1,178
Typical yearly household income
$74,022
Households that own their home
66%
Effective property tax rate
0.84%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Marion County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
3.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Marion County.

Everything about Marion County

Buying

Buying a home in Lawrence

A typical home in Lawrence is worth $230,100: 3% above the county and 5% above Indiana. With the typical household income in Lawrence ($74,022 a year), a typical home costs 3.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lawrence 3.1 years
  • Marion 3.4 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Marion County

According to FHFA’s house price index, home prices in Marion County rose 100% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Marion County.

Period County Indiana U.S.
Last year (2025) +3.4% +4.3% +2.9%
5 years (2020–2025) +48% +53% +47%
10 years (2015–2025) +100% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lawrence next to Marion County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lawrence $230,100
  • Marion $224,000
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Lawrence $1,178
  • Marion $1,153
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Lawrence $74,022
  • Marion $66,346
  • Indiana $71,957
  • United States $80,734
See the full table
Lawrence next to Marion County and Indiana
Measure Lawrence Marion County Indiana U.S.
Typical home value $230,100 $224,000 $218,200 $332,700
Typical monthly rent $1,178 $1,153 $1,062 $1,413
Typical yearly household income $74,022 $66,346 $71,957 $80,734
Households that own their home 66% 57% 71% 65%
Typical yearly property tax $1,942 $2,028 $1,614 $3,119
Effective property tax rate 0.84% 0.91% 0.74% 0.94%
Renters with high rent for their income 54% 51% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marion County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lawrence

For a typical $230,100 home in Lawrence, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lawrence's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,889a month

    Least cash to close
    Down payment
    $8,054
    Cash to close
    $14,957
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $102

  • Conventional, 5% down $1,847a month

    Down payment
    $11,505
    Cash to close
    $18,408
    Rate
    7.18%
    Mortgage insurance
    PMI · $109

  • Conventional, 20% down, no PMI $1,504a month

    Down payment
    $46,020
    Cash to close
    $52,923
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,717a month

    Down payment
    $34,515
    Cash to close
    $41,418
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lawrence and for Marion County.

Property tax

Effective rate in Lawrence

0.84%of the home’s value each year

$1,942 a year for the typical owner in Lawrence.

  • Lawrence 0.84%
  • Marion 0.91%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Marion County

FEMA does not publish these numbers by city: they are for all of Marion County.

Homes in the high-risk zone
3.3%
10,075
Of those, with NFIP insurance
16%
County Indiana U.S.
Homes in the high-risk zone 3.3% 2.3% 3.5%
Of those, with NFIP insurance 16% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lawrence

Typical rent in Lawrence is $1,178 a month: 2% above the county. In Lawrence, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Marion County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.

HUD fair market rent for all of Marion County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,187 $22.83 $47,480
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,536 $29.54 $61,440
3 bedrooms $1,991 $38.29 $79,640
4 bedrooms $2,425 $46.63 $97,000

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lawrence

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lawrence has 4 ZIP codes with their own.

For 2 bedrooms it runs from $1,310 in 46235 to $2,300 in 46236.

2 of the 4 are above the fair market rent for Marion County ($1,536).

  • 46216 $1,700$2,200
  • 46226 $1,440$1,870
  • 46235 $1,310$1,700
  • 46236 $2,300$2,980

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lawrence when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lawrence

HUD lists one building with rents for lower incomes in Lawrence.

  • Lawrence Senior Apartments 8301 E 46th St, Lawrence 46226 60 low-income homes · 1 bd: 48 · 2 bd: 12 · In service since 2016 · For older adults

See all 214 buildings in Marion County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lawrence

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 4 HUD-approved agencies with an office in Marion County; 2 say they serve in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Lawrence

No down payment, repair or rent-help program on our list is for Lawrence or Marion County. The ones below are statewide in Indiana: they work in Lawrence the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Lawrence

The HUD-approved agencies closest to the center of Lawrence, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity of Greater Indianapolis

    3135 N Meridian St, Indianapolis · 10 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 777-6084

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 10 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership Homeownership Center at Glendale

    2960 N Meridian St, Indianapolis · 10 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 610-4663

Every agency in Marion County All counseling agencies in Indiana

Help in Spanish near Lawrence

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lawrence

In HUD’s record, no housing authority with an office in Marion County is named for Lawrence or Marion County.

2 other authorities have an office in Marion County: see the list Source: HUD

Cities

Other cities in Marion County

These cities are also in Marion County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Marion County Housing in Indiana

Nearby cities

The cities closest to Lawrence, with the typical home value.

Neighboring counties

If Marion County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lawrence.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Lawrence

Short answers with the numbers for Lawrence and all of Marion County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lawrence?

The typical home value in Lawrence is $230,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marion County it is $224,000.

How much does it cost to rent in Lawrence?

Typical rent in Lawrence is $1,178 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marion County is $1,536.

What is the FHA loan limit in Lawrence?

Lawrence uses the FHA limit for all of Marion County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lawrence?

The typical homeowner in Lawrence pays $1,942 a year, according to the U.S. Census Bureau. That is 0.84% of the home’s value; in Marion County, the rate is 0.91%.

Where can I find free help to buy or rent in Lawrence?

There are 4 HUD-approved counseling agencies with an office in Marion County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).