Lawrence, IN Real Estate
According to census data in the year 2000 there were 16,280 housing units in Lawrence.
This represents a 40.1% growth from 11,621 in 1990.
Of those housing units, 16,087 were located in either urbanized areas or urban clusters, and 193 were located in what is classified as a rural area.
Homeownership rate in Lawrence is about 75.5%.
Lawrence's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Lawrence were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 9.80% |
| Two Bedrooms | 25.20% |
| Three Bedrooms | 45.30% |
| Four Bedrooms | 16.10% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $116,200 |
| Median Price asked for vacant units | $108,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $472 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 13.50% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 62.10% |
| Debt Free | 13.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
