Located Northeast of Indianapolis is the diverse area of Lawrence Township. Lawrence is relatively split up when it come to neighborhoods and areas including:
Castleton: Castleton is a commercial and retail hub located in the southern part of Lawrence Township, and has the popular Castleton Square Mall.
Fort Harrison: Named after the historic Fort Benjamin Harrison, this area is situated near the northeastern border of Lawrence Township. It’s home to Fort Harrison State Park, a large green space offering hiking trails, picnic areas, and a golf course.
Geist Reservoir: Located in the eastern part of Lawrence Township, Geist Reservoir is a popular destination for boating, fishing, and lakeside living. The neighborhoods surrounding the reservoir offer a mix of luxury homes, townhouses, and apartments, often with scenic views and access to water-related activities.
Organized in 1822, Lawrence Township has grown to a population of 125,145 as of 2017 according to the Census Bureau.
Towncharts reports a median age of 35 with a slight majority of the population being female.
According to Census Reporter, the median household income in Lawrence Township is $48,660. The ethnicity breakdowns are as follows – 53% Caucasian, 34% African-American, 9% Hispanic, 2% Asian, and 3% were other races.
Niche reports median home values of $151,400 compared to the national average of $184,700 and a median rent value of $822 compared to the national average of $949. 59% of people in Lawrence Township own their homes versus 41% who rent.
Similar to some of the other Townships we’ve discussed, Lawrence Township is very hit or miss in both area and opportunity for investments.
You have areas within it such as Geist which contains beautiful, water-front mansions, and then there’s the Far Eastside which still has a long way to come.
T&H Realty is working with Owner Clients to add Lawrence Township rental properties to their portfolios. If you are interested in finding properties in that area, our brokerage would be more than happy to help you purchase a property.