Real Estate Investing in Lawrence, Indiana (46236)
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Should you buy in 46236 (Lawrence, IN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Lawrence, IN (46236)?
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Market Analysis: 46236 Lawrence
This part of Marion County is not an easy win. The 46236 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 46236 can be a a solid fit for hunting ground — but the discount at $333K reflects genuine risk that outside investors often underestimate.
In the broader IN picture, 46236 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 46236 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Lawrence's stable or hybrid ZIPs before stepping into 46236. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lawrence:
Property Strategy for 46236
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $214,183 | $2,120 | 7.1% | +8.1% | $107,091 |
| 3BR | $279,079 | $2,750 | 7.1% | +8.1% | $93,026 |
| 4BR | $397,590 | $3,370 | 6.1% | +7.3% | $99,398 |
| 5BR | $663,820 | — | — | +7.5% | $132,764 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46236 Compare?
| Metric | 46236 | Lawrence | Indianapolis-Carmel-Anderson, IN | Indiana |
|---|---|---|---|---|
| Home Value | $333,392 | $321,522 | N/A | $248,442 |
| 5-Year CAGR | 4.7% | 4.9% | N/A | 7.7% |
| Avg Rent | $1,792 | $1,674 | N/A | - |
| Cap Rate | 4.2% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46236 (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 | $333,392 |
| Monthly Rent | $1,792 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 46236
Population: 26,049
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 46236
Schools in This ZIP Code
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
Frequently Asked Questions
Should investors consider Lawrence, IN?
With a 3.0/5 investability score, Lawrence, IN ranks as a solid market for rental property investors. Median prices of $333K and rents of $1,792/mo drive the underlying numbers.
How do landlord-tenant laws work in Lawrence, IN?
IN ranks as a landlord-friendly state for landlord-tenant law. Lawrence generally follows the statewide framework, so landlords face reasonable operating rules.
What is the average monthly rent in Lawrence, IN?
Expect rents around $1,792/mo per month in Lawrence, IN. With home values at $333K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in Lawrence, IN?
Rental vacancy in Lawrence, IN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the tenant pool like in Lawrence, IN?
The tenant pool in Lawrence, IN is solid, supported by local employment and population fundamentals. Rents of $1,792/mo are well-absorbed by the market.
You know 46236 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 46236 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 46236 ranks in Indianapolis-Carmel-Anderson, IN
Every ZIP in this metro, ranked. Free.
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