Where to Invest in Indianapolis: Lawrence Township
Lawrence Township, located in the northeastern corner of Indianapolis, is the 9th and final Marion County Township in our “Where to Invest in Indianapolis” series.
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 is $48,660 and ethnicity breakdowns are as follows – 53% Caucasian, 34% African-American, 9% Hispanic, 2% Asian, and 3% Other.
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.
Lawrence Township Zip Codes
Lawrence Township Neighborhoods
- Arlington Woods
- Fall Creek
- Far Eastside
Examples of Homes T&H Manages in Lawrence Township
This 3 bed/2 bath home that we manage is an example of a Lawrence Township home that is on the higher end as it’s currently leased at $1,625/month.
At 2,160 sq. ft., it’s fairly updated and near the 86th St. and Hague Rd. intersection.
This 3 bed/1.5 bath ranch is a more typical representation of the types of homes you’ll see in Lawrence Township.
Situated near Shadeland and 46th, this property is currently leased at $875/month.
Lawrence Township Schools
Niche gives Lawrence Township schools an overall B grade.
Broken down, it grades these categories as follows:
- Academics: C+
- Teachers: B-
- Clubs and Activities: B+
- Diversity: A+
- College Prep: A-
- Health and Safety: B
It’s ranked #5 out of 294 Indiana schools for diversity, #8 for best schools for athletes, and #148 for best districts in the state.
The average graduation rate is 92% and the student-teacher ratio is 19:1 with 15,379 students from PK-12.
Lawrence Township Crime Rates
On a scale of 1 (low crime) to 100 (high crime), Lawrence Township is ranked a 38.3 for violent crime and a 71.9 for property crime.
The national average for violent crime is 22.7 and 35.4 for property crime.
Similar to some of the other Townships we’ve discussed, Lawrence Township is very hit or miss.
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.
Overall, Lawrence Township is probably a “C” class area. Appreciation has been fairly stagnant so you’ll want to purchase properties here with more of a cash flow strategy in mind.
If you find the right house on the right street, Lawrence Township can be a solid rental property investment area.