Housing data for Laurel Township, IN
Laurel Township, IN has an estimated 1,282 residents and 505 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Franklin County.
26.2% of households rent.
The median gross rent is $961 a month.
Figures last updated on .
- Residents
- 1,282 (±372)
- Housing units
- 505 (±148)
- Households that rent
- 26.2%
- Median gross rent
- $961
- Residents since 2015–2019
- −27.4%
What stands out in Laurel Township
Working from home: 1.9% (±2.1 points) in Laurel Township, lower than in Franklin County (9.3%).
Median home value: $135,800 (±$105,755) in Laurel Township, lower than in Franklin County ($249,500).
Median real estate taxes: $766 (±$165) in Laurel Township, lower than in Franklin County ($1,479).
Housing in Laurel Township at a glance
- Median rent: $961 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $945 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 50.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 26.2% of households rent
- Income and affordability: $72,596 median household income (Small sample: wide margin of error)
- Home values: $135,800 median home value (Small sample: wide margin of error)
- Homeowner costs: $1,210 median monthly cost with a mortgage
- Property taxes: $766 median real estate taxes a year
- Types of homes: 4.2% of homes are in buildings of 5 or more units
- Bedrooms: 61.8% of homes have 3 or more bedrooms
- Age of homes: 55.5% of homes were built before 1980
- Vacancy rate: 8.6% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 49.3% heat with propane
- Commute and cars: 40.8 minutes average trip to work
- Growth: −27.4% residents since 2015–2019
- How long people stay: 10.6% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.4% of homes have more than 1 person per room (Small sample: wide margin of error)
Laurel Township against Franklin County, its state and the nation
| Laurel Township | Franklin County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 1,282 (±372) | 23,020 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 505 (±148) | 9,796 (±29) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 26.2% (±10.1 points) | 18.5% (±3.2 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | $961 (±$120) | $870 (±$78) | $1,062 (±$5) | $1,413 |
| Median household income | $72,596 (±$36,728) | $78,074 (±$10,218) | $71,957 (±$352) | $80,734 |
| Median home value | $135,800 (±$105,755) | $249,500 (±$18,861) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $766 (±$165) | $1,479 (±$107) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 55.5% (±15.9 points) | 49.0% (±5.7 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 40.8 minutes (±6.0) | 36.0 minutes (±2.6) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 77.6% (±8.6 points) | 83.0% (±3.3 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 36.4 years (±7.6) | 42.4 years (±0.8) | 38.1 years (±0.2) | 38.9 years |
Laurel Township covers 31.5 square miles of land, about 41 residents per square mile (Census Bureau Gazetteer).
How Laurel Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,765 (±322) | 1,282 (±372) | −27.4% | Not a measurable change |
| Housing units | 712 (±108) | 505 (±148) | −29.1% | Measurable decrease |
| Median gross rent | $635 (±$73) | $961 (±$120) | +51.3% | Up after inflation |
| Median home value | $99,100 (±$13,141) | $135,800 (±$105,755) | +37.0% | No measurable change after inflation |
| Median household income | $39,453 (±$10,951) | $72,596 (±$36,728) | +84.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,037 (±$190) | $1,210 (±$276) | +16.7% | No measurable change after inflation |
| Median real estate taxes | $769 (±$156) | $766 (±$165) | −0.4% | No measurable change after inflation |
| Households that rent | 31.0% (±8.7 points) | 26.2% (±10.1 points) | −4.8 percentage points | Not a measurable change |
| Rental vacancy rate | 1.9% (±4.0 points) | 8.6% (±9.8 points) | +6.7 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Laurel Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 47024 | 47% | 2,901 | $961 | $153,300 | $57,316 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Laurel Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Laurel | 1.7 mi | $956 | $72,900 | 31.3% |
| Metamora Township | 4.1 mi | — | $152,400 | 0.0% |
| Blooming Grove Township | 4.8 mi | — | $242,500 | 0.0% |
| Posey Township (Franklin County) | 5.4 mi | $985 | $119,300 | 18.7% |
| Columbia Township (Fayette County) | 5.7 mi | — | $138,900 | 29.6% |
| Salt Creek Township (Franklin County) | 5.7 mi | — | $254,500 | 18.2% |
| Jackson Township (Fayette County) | 6.3 mi | — | $144,100 | 4.5% |
| Orange Township (Fayette County) | 8.6 mi | $1,727 | $112,000 | 15.8% |
Places in Indiana most like Laurel Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Franklin Township (Putnam County) | $1,025 | $188,000 | $85,169 | 23.0% |
| Randolph Township (Ohio County) | $867 | $195,800 | $66,042 | 22.0% |
| Hebron | $967 | $202,800 | $73,812 | 21.0% |
| Ripley Township (Rush County) | $775 | $200,300 | $65,917 | 19.0% |
| Bainbridge | $965 | $180,500 | $59,712 | 25.9% |
| Sparta Township (Noble County) | $894 | $160,500 | $81,935 | 17.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Indiana.
HUD Fair Market Rent for Laurel Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $841 | $950 | $1,148 | $1,503 | $1,509 |
HUD income limits for Laurel Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,450 | $34,100 | $54,550 |
| 2 people | $23,400 | $39,000 | $62,350 |
| 3 people | $27,320 | $43,850 | $70,150 |
| 4 people | $33,000 | $48,700 | $77,900 |
| 5 people | $38,680 | $52,600 | $84,150 |
| 6 people | $44,360 | $56,500 | $90,400 |
| 7 people | $50,040 | $60,400 | $96,600 |
| 8 people | $55,720 | $64,300 | $102,850 |
These are the limits HUD sets for its housing programs in the Franklin County, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $97,400.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Laurel Township
How many renters are there in Laurel Township?
Laurel Township has an estimated 124 (±67) renting households, 26.2% of its occupied homes (2020–2024 American Community Survey).
What is the average mortgage payment in Laurel Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Laurel Township, IN is $1,210 (±$276) a month, including taxes, insurance and utilities.
How much are property taxes in Laurel Township?
The median real estate tax paid by homeowners in Laurel Township, IN is $766 (±$165) a year (2020–2024 American Community Survey).
How many homes are in Laurel Township?
Laurel Township, IN has an estimated 505 (±148) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Laurel Township?
The most common size is 3 bedrooms, 42.2% of homes in Laurel Township, IN.
How old are most homes in Laurel Township?
55.5% of homes in Laurel Township, IN were built before 1980 (2020–2024 American Community Survey).
Is Laurel Township growing?
In Laurel Township, the number of residents went from 1,765 in 2015–2019 to 1,282 in 2020–2024 (−27.4%), not a measurable change.
What ZIP codes are in Laurel Township?
The ZIP code that covers Laurel Township is 47024.
What is the median rent in ZIP code 47024?
The median gross rent in ZIP Code Tabulation Area 47024 is $961 (±$67) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Laurel township, Franklin County, Indiana
- HUD Fair Market Rents, fiscal year 2027: Franklin County, IN HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Franklin County, IN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Laurel township, Franklin County, Indiana (county subdivision:42390, in state:18 county:047).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .