Lawrence, IN
Landlord insurance in Lawrence, Indiana
Local rental data and insurance guidance for Lawrence property owners. A quote is not a binder.
With an estimated 49,817 residents, Lawrence has around 6,638 renter households, about 34% of occupied housing. Statewide, Indiana sits at 29%, so Lawrence's rental share is above the state figure.
Census snapshot: Lawrence housing
| Measure | Lawrence | Indiana |
|---|---|---|
| Renter-occupied homes | 34% (6,638) | 29% |
| Median owner-occupied home value | $230,100 | $218,200 |
| Median gross rent | $1,178/mo | $1,062/mo |
| Median year structure built | 1992 | 1976 |
| Homes in 2–4 unit buildings | 3% | 6% |
| Single-family homes (detached or attached) | 68% | 77% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Dwelling limits for Lawrence landlords
Homes in Lawrence carry a median value near $230,100 according to the Census, compared with $218,200 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.
NAIC data for 2023 shows an average Indiana dwelling-fire premium of $871 in the $225,000–$249,999 coverage band, which brackets Lawrence's median value; across all coverage amounts the state average was $753. Treat it as background, since landlord pricing depends on the building and occupancy.
Fair rental value coverage for Lawrence units
Median gross rent in Lawrence is about $1,178 a month. A year of lost rent at that level is roughly $14,136 per unit, a useful yardstick when you choose fair rental value coverage.
Construction era of Lawrence rentals
Lawrence's median home dates to about 1992. Systems are often on their first or second replacement, so roof age and water heater age carry a lot of weight in pricing.
Lawrence's mix of rental buildings
Lawrence's housing is mixed: about 68% single-family, 3% in 2–4 unit buildings, and 18% in buildings of five or more units. Dwelling forms fit up to four units; larger buildings need commercial apartment coverage.
Lawrence next to other Indiana rental cities
Nearby Indianapolis reports 44% renter households and a $224,800 median home value, so proportionally more renters than Lawrence. Nearby Fort Wayne reports 38% renter households and a $188,900 median home value, so proportionally more renters than Lawrence. For comparison, Evansville comes in at 45% rented and $143,100 median value, with median rent of $975. Lawrence places 19 of 25 profiled Indiana cities by share of rented homes. Manufactured and mobile homes make up about 11% of Lawrence's housing, and many dwelling programs underwrite those separately. Roughly 18% of homes in Lawrence are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Storm and hazard considerations in Lawrence
In Lawrence, think about frozen pipes in cold winters first, then basement water and sewer backup, usually excluded unless added. Both appear frequently in Indiana property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Getting a landlord quote in Lawrence
- Street address in Lawrence and number of units
- Construction year plus the age of the roof
- Occupancy: long-term lease, month-to-month, short-term, or vacant
- Electrical, plumbing, and heating update years
- Prior carrier, expiration date, and five-year loss history
- Who holds the loan, for the mortgagee clause
- Desired liability limit and loss-of-rents amount
Request a Lawrence landlord quote
Lawrence landlord insurance questions
How many renters live in Lawrence?
About 34% of occupied homes in Lawrence, roughly 6,638 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Lawrence?
No Indiana law mandates it for Lawrence owners, though lenders, HOAs, and property managers commonly require it.
How much does landlord insurance cost in Lawrence?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Indiana dwelling-fire average of $753; see our Indiana page for the full table.
More landlord pages near Lawrence
Landlord insurance in Indiana · Cost by state
Last updated October 15, 2026. Sources and method: how we research.