1031 Exchange Lawrence, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Lawrence due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

Lawrence, Indiana is a part of the Far Northeast Submarket submarket area.

Lawrence Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lawrence, IN submarket area was $743, which is 11.73% lower than 2014 average rent. This represents a compounded annual growth rate of 2.24%. 2019 vacancy in Lawrence, IN was 6.70%.

The total population of the city of Lawrence, IN has grown 6.62% since 2010. As of 2018, the population was 49,046. The median household income of the Lawrence was $52,048, which is 13.67% lower than the national average.

  • submarket area Far Northeast Submarket
  • avg rent $743
  • rent growth 11.73%
  • vacancy 6.70%
  • median income $52,048
  • population (2018) 49,046
  • population growth 6.62%
  • vs. nat'l avg 13.67%

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