Rent to own Homes in Lawrence, IN
Commitment to Improving Quality of life! Lawrence is a catalyst for improving quality of life through economic development. Local initiatives include improving the Franklin Road and Pendleton Pike commercial buildings, assisting with business retention, and securing low vacancy rates nearer to 2.1%. Plans to help new homeowners afford homes in newly constructed areas, such as Lawrence Woods and Alexia Drive are additional proposed projects for the year.
Lawrence, IN is a great place for affordable rent-to-own homes! With a median household income of over $62,257 and a median rent of $945, the Lawrence, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lawrence, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lawrence, IN Property Resources
Rent to own Homes in Cities Near Lawrence, IN
- Anderson
- Arcadia
- Avon
- Bargersville
- Beech Grove
- Boggstown
- Brownsburg
- Camby
- Carmel
- Cicero
- Clermont
- Crows Nest
- Cumberland
- Fairland
- Fishers
- Fortville
- Fountaintown
- Franklin
- Greenfield
- Greenwood
- Homecroft
- Indianapolis
- Ingalls
- Lapel
- Lawrence
- McCordsville
- Meridian Hills
- Mooresville
- Morristown
- Needham
- New Palestine
- New Whiteland
- Noblesville
- North Crows Nest
- Pendleton
- Plainfield
- Rocky Ripple
- Shelbyville
- Sheridan
- Southport
- Speedway
- Spring Hill
- Spring Lake
- Warren Park
- Westfield
- Whiteland
- Whitestown
- Williams Creek
- Wynnedale
- Zionsville
Neighborhoods in Lawrence, IN
Admirals Landing rent to own homes Indian Lake rent to own homes Oakland Hills at Geist rent to own homesPopular Zip Codes in Lawrence, IN
46249 rent to own homes 46216 rent to own homes 46236 rent to own homesBuying a Home in Lawrence, IN
Lawrence, IN is seeing rapid growth and Lawrence, IN's' housing market remains optimal with an average home price that is -27% below the 2024 national average. Lawrence, IN is part of Marion county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Marion is 1.15% which is above the national average, which is 0.99%.
Median Home Price in Lawrence, IN
Median Rent in Lawrence, IN
Top 10 Reasons to Live in Lawrence
Improved Housing Market! With home values going up, this sends a signal of the towns revitalized markets. The mean value of homes in Lawrence is 3.5% greater than Indiana's average, and 7.1% greater than the nation's average. Meadow Pond Way and Parrington Drive may be places to consider laying a nest egg.
Home Renters Haven! The variety of style homes and apartments with flexible leasing arrangements are ideal for renters-on-the-go. Additionally, the median rental rate in Lawrence is 1.3% less than Indiana's average and 8.6% below the national average. Rent to own homes and apartments are also part of the flexible leasing contracts. Barlow Drive and Elmhurst Drive are some of the neighborhoods to consider.
Homeownership on the Rise! With the median asking price for homes in Lawrence at 15.3% lower than the state's average, and 28.3% lower than the nation's average, affording a home is highly probable in Lawrence. On average 63% of residents are home owners, some of whom may have capitalized on rent to own houses to lower the financing costs. Check out neighborhoods on Twin Beech Drive and Glass Chimney Lane for a variety of home styles.
Art Studios and Galleries to Enjoy! Broad Ripple Village, nearby Butler University contains several art galleries, specialty shops and quaint pubs for a full day's entertainment.
Roam the State Park and Museums! The Canal and White River State Park hosts many famous museums and scheduled events. The park is built around the Central Canal of Indianapolis inspiring a dramatic Venetian image.
Tour Indianapolis Cultural District! Less than 10 minutes ride from Lawrence is Fountain Square, one of six officially designated cultural districts of the city. The Wholesale District, once the center of commerce for the entire state, is included in the six districts.
Howling Bars and Clubs! Nighttime entertainment is never in short supply in places like Howl at the Moon Bar for unbeatable parties and The Ugly Monkey for good music and food.
Dining Pleasures! Delightful dining pleasures can be had at The Eagle's Nest in plush surroundings. Take a break from hunting for rent to own options and try Fogo de Chao Churrascaria for fire-roastied prime cuts of meat.
Shopping Varieties! The Fashion Mall at Keystone has an Apple Store and Windows shop for the techies. Not far away is the Broad Ripple Vintage for a wide selection of t-shirts, jackets and jeans.