Lawrence County, IN

Comprehensive housing, income, and cost of living data for Lawrence County, Indiana. Population: 45.1K.

Median Home Price
$203.9K

Based on 6 cities

Median Household Income
$65.6K

Annual household income

Price-to-Income Ratio
3.1x

Moderately affordable

Salary Needed to Buy
$51.4K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$994

Average annual amount

Effective Tax Rate
0.49%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,031
Property Tax$82.83
Insurance$84.94
Total Monthly$1,199
Historical Home Prices
2015
$95.3K
2016
$95.3K
+0.1%%
2017
$104.1K
+9.2%%
2018
$113.4K
+9.0%%
2019
$125.9K
+11.0%%
2020
$141.6K
+12.4%%
2021
$163.6K
+15.5%%
2022
$175.0K
+7.0%%
2023
$182.4K
+4.2%%
2024
$190.8K
+4.6%%
2025
$198.6K
+4.0%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.1%%

Below national average

Population Density
100

People per square mile

Homicide Rate
13.2

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
94.2%
Black
0.4%
Hispanic
1.9%
Asian
0.6%
Two or More Races
2.3%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
54°F

Annual average

Sunny Days
192

Days per year

Annual Rainfall
48.6"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 48/100

Frequently Asked Questions

What is the median home price in Lawrence County, IN?

The median home price in Lawrence County, Indiana is $203.9K. The price-to-income ratio is 3.1x, meaning the median home costs 3.1 times the median household income.

What salary do you need to buy a home in Lawrence County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $51.4K per year to buy the median home in Lawrence County, IN. Monthly housing costs break down to $1,031 for mortgage, $82.83 for property tax, and $84.94 for insurance.

What is the property tax rate in Lawrence County?

The effective property tax rate in Lawrence County is 0.49%, which comes to approximately $994 per year on the median home.

What is the median household income in Lawrence County?

The median household income in Lawrence County, Indiana is $65.6K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.1%%.

Is Lawrence County a good place to live?

Lawrence County, Indiana has a population of 45.1K. Housing affordability is strong with a price-to-income ratio of 3.1x. The climate averages 54 degrees F with 192 sunny days per year. Compare Lawrence County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.