Real Estate Investing in Lawrence, Indiana (46216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46216 (Lawrence, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lawrence, IN (46216)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46216 Lawrence
ZIP 46216 in Lawrence, IN carries a healthy set of headwinds. Home values near $310K and rents of $1,556/mo sit inside a market where underwriting has to be tight.
The investment case in 46216 is solid only for operators who understand what they are buying. A $310K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 46216 trails on several market indicators that neighboring Marion County submarkets outperform. The gap is real and significant enough to shape underwriting.
The 46216 ZIP's population of 2,546 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
Strategy in 46216 is an operator game, not a passive one. From a cash-flow lens, entry prices of $310K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lawrence:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46216 Compare?
| Metric | 46216 | Lawrence | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $309,652 | $321,522 | N/A | $248,442 |
| 5-Year CAGR | 5.1% | 4.9% | N/A | 7.7% |
| Avg Rent | $1,556 | $1,674 | N/A | - |
| Cap Rate | 3.9% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46216 (Lawrence, IN). Anonymous, moderated, never written by AI.
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Property managers serving Marion County
Manage rentals here? List your business →Atlas Property Services, LLC offers quality home rentals and property management services in Indianapolis and Muncie, including single-family homes and duplexes. summary from their website
Orion Property Management offers real estate and property management services for residential and commercial properties, including leasing, collections, maintenance, and city compliance. summary from their website
Red Door Property Management offers property management services in Indianapolis, including marketing, tenant screening, maintenance, leasing, eviction protection, and Airbnb management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $309,652 |
| Monthly Rent | $1,556 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46216
Population: 2,546
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46216
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Charles Warren Fairbanks Sch 105
Robert Lee Frost School 106
PLA at George H Fisher School 93
Indy Steam Academy
GEO Next Generation Academy
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 40,130 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Lawrence, IN?
Lawrence, IN home values average about $310K. That price point suits investors targeting rentals with $1,556/mo in monthly income.
Does a duplex house hack pencil in Lawrence, IN?
House hacking in Lawrence, IN is a challenging. With home values around $310K and rents at $1,556/mo, owner-occupants can offset a meaningful share of PITI.
Do landlords face vacancy issues in Lawrence, IN?
Lawrence, IN carries elevated vacancy risk. Expect stable absorption at market rents of $1,556/mo.
What is the average monthly rent in Lawrence, IN?
Lawrence, IN rentals go for roughly $1,556/mo a month. That puts gross yield in solid territory relative to $310K acquisition costs.
Are landlord laws favorable in Lawrence, IN?
Landlord-friendliness in Lawrence, IN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 46216 now. You don’t know where it ranks.
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How 46216 ranks in Indianapolis-Carmel-Anderson, IN
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