{
  "schema_version": "1.0",
  "submarket": {
    "slug": "pendleton-pike-lawrence-in",
    "name": "Pendleton Pike / Lawrence",
    "state": "IN",
    "city": "INDIANAPOLIS",
    "cbsa": "Indianapolis-Carmel-Greenwood",
    "zip_codes": [
      "46226",
      "46235",
      "46236"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-19T15:24:28.737Z",
    "last_updated_at": "2026-06-02T12:41:08.666Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 960,
        "low": 921,
        "high": 998,
        "mom_pct": -2.8377659574468086,
        "yoy_pct": -7.345744680851064
      },
      "2br": {
        "median": 1204,
        "low": 1156,
        "high": 1253,
        "mom_pct": 1.2866666666666666,
        "yoy_pct": 0.9832203389830505
      },
      "3br": {
        "median": 1661,
        "low": 1583,
        "high": 1739,
        "mom_pct": -5.117586206896552,
        "yoy_pct": -4.081379310344827
      },
      "4br": {
        "median": 2414,
        "low": 2330,
        "high": 2499,
        "mom_pct": 1.089,
        "yoy_pct": 8.645
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1165,
        "low": 1147,
        "high": 1182,
        "mom_pct": 1.9749999999999999,
        "yoy_pct": 2.3537500000000002
      },
      "2br": {
        "median": 1209,
        "low": 1182,
        "high": 1235,
        "mom_pct": -5.51,
        "yoy_pct": -5.238571428571428
      },
      "3br": {
        "median": 1827,
        "low": 1768,
        "high": 1885,
        "mom_pct": 0.34625000000000006,
        "yoy_pct": 3.7112499999999997
      },
      "4br": {
        "median": 2389,
        "low": 2306,
        "high": 2473,
        "mom_pct": 1.3133333333333335,
        "yoy_pct": 7.950000000000001
      }
    },
    "single_family": {
      "1br": {
        "median": 1270,
        "low": 1238,
        "high": 1301,
        "mom_pct": 1.6833333333333336,
        "yoy_pct": 8.163333333333334
      },
      "2br": {
        "median": 1266,
        "low": 1247,
        "high": 1285,
        "mom_pct": -4.467586206896552,
        "yoy_pct": 0.4565517241379309
      },
      "3br": {
        "median": 1682,
        "low": 1598,
        "high": 1766,
        "mom_pct": 2.8846052631578947,
        "yoy_pct": 7.733289473684211
      },
      "4br": {
        "median": 1808,
        "low": 1723,
        "high": 1893,
        "mom_pct": 3.6011111111111114,
        "yoy_pct": 3.8911111111111114
      }
    }
  },
  "vacancy": 8.5519,
  "days_on_market": {
    "apartment": 28,
    "condo_townhome": 29,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments fall 2.8% MoM",
      "body": "In the Pendleton Pike / Lawrence (46226, 46235, 46236) rental market, 1-bedroom apartments recorded a median rent of $960, dropping by -2.84% month-over-month and -7.35% year-over-year. This segment experienced the sharpest short-term decline among all apartment types, emphasizing downward pressure on entry-level rents."
    },
    {
      "headline": "3BR apartment rents decline 5.1% MoM",
      "body": "While single-family 3-bedroom homes in Pendleton Pike / Lawrence (46226, 46235, 46236) held with a positive monthly change, 3-bedroom apartments registered a significant -5.12% month-over-month drop, settling at $1,661. This highlights stronger short-term losses for apartment renters compared to detached homes."
    },
    {
      "headline": "1BR condos outpace apartments by $205",
      "body": "The Pendleton Pike / Lawrence (46226, 46235, 46236) rental trends reveal that 1-bedroom condos/townhomes averaged $1,165—$205 higher than their apartment counterparts at $960. Additionally, 1-bedroom condos showed a positive 1.98% monthly change, contrasting with apartments’ negative performance."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Pendleton Pike / Lawrence, IN range from $960 to $2,414 per month depending on property type and bedroom count.",
      "The most significant year-over-year change was a -7.35% decrease for 1BR apartments in Pendleton Pike / Lawrence, IN.",
      "For 1BR units, single-family homes have a median rent of $1,270 compared to $1,165 for condos/townhomes and $960 for apartments."
    ],
    "qa": [
      {
        "question": "What is the range of rental prices in Pendleton Pike / Lawrence, IN as of April 2026?",
        "answer": "Rental prices in Pendleton Pike / Lawrence, IN range from $960 per month for a 1BR apartment to $2,414 per month for a 4BR apartment as of April 2026."
      },
      {
        "question": "Which rental segment in Pendleton Pike / Lawrence, IN saw the largest month-over-month change in April 2026?",
        "answer": "The 2BR condo/townhome segment experienced the sharpest month-over-month change with a -5.51% decrease in median rent in April 2026."
      },
      {
        "question": "What is the price gap between condos/townhomes and single-family homes for 3BR units in Pendleton Pike / Lawrence, IN?",
        "answer": "In April 2026, 3BR condos/townhomes have a median rent of $1,827, while 3BR single-family homes are at $1,682, making condos/townhomes $145 more expensive."
      },
      {
        "question": "Which rental segment in Pendleton Pike / Lawrence, IN has an outlier rent figure or unusual trend?",
        "answer": "The 1BR apartment segment stands out with the lowest median rent at $960 and the largest year-over-year decline of -7.35% as of April 2026."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 960,
          "2br": 1204,
          "3br": 1661,
          "4br": 2414
        },
        "condo_townhome": {
          "1br": 1165,
          "2br": 1209,
          "3br": 1827,
          "4br": 2389
        },
        "single_family": {
          "1br": 1270,
          "2br": 1266,
          "3br": 1682,
          "4br": 1808
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 998,
          "2br": 1188,
          "3br": 1735,
          "4br": 2388
        },
        "condo_townhome": {
          "1br": 1110,
          "2br": 1296,
          "3br": 1790,
          "4br": 2358
        },
        "single_family": {
          "1br": 1249,
          "2br": 1382,
          "3br": 1663,
          "4br": 1805
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1051,
          "2br": 1218,
          "3br": 1744,
          "4br": 2364
        },
        "condo_townhome": {
          "1br": 1124,
          "2br": 1247,
          "3br": 1797,
          "4br": 2330
        },
        "single_family": {
          "1br": 1183,
          "2br": 1233,
          "3br": 1502,
          "4br": 1796
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1033,
          "2br": 1190,
          "3br": 1764,
          "4br": 2319
        },
        "condo_townhome": {
          "1br": 1119,
          "2br": 1215,
          "3br": 1761,
          "4br": 2285
        },
        "single_family": {
          "1br": 1100,
          "2br": 1222,
          "3br": 1572,
          "4br": 1879
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1065,
          "2br": 1256,
          "3br": 1765,
          "4br": 2329
        },
        "condo_townhome": {
          "1br": 1130,
          "2br": 1298,
          "3br": 1787,
          "4br": 2290
        },
        "single_family": {
          "1br": 1211,
          "2br": 1231,
          "3br": 1567,
          "4br": 1822
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1086,
          "2br": 1276,
          "3br": 1799,
          "4br": 2345
        },
        "condo_townhome": {
          "1br": 1142,
          "2br": 1316,
          "3br": 1804,
          "4br": 2315
        },
        "single_family": {
          "1br": 1225,
          "2br": 1351,
          "3br": 1578,
          "4br": 1854
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1077,
          "2br": 1268,
          "3br": 1810,
          "4br": 2350
        },
        "condo_townhome": {
          "1br": 1132,
          "2br": 1309,
          "3br": 1831,
          "4br": 2334
        },
        "single_family": {
          "1br": 1235,
          "2br": 1367,
          "3br": 1597,
          "4br": 1851
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1085,
          "2br": 1295,
          "3br": 1822,
          "4br": 2344
        },
        "condo_townhome": {
          "1br": 1174,
          "2br": 1349,
          "3br": 1835,
          "4br": 2341
        },
        "single_family": {
          "1br": 1240,
          "2br": 1391,
          "3br": 1606,
          "4br": 1816
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1096,
          "2br": 1251,
          "3br": 1787,
          "4br": 2331
        },
        "condo_townhome": {
          "1br": 1170,
          "2br": 1341,
          "3br": 1824,
          "4br": 2334
        },
        "single_family": {
          "1br": 1237,
          "2br": 1379,
          "3br": 1564,
          "4br": 1835
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1098,
          "2br": 1275,
          "3br": 1790,
          "4br": 2311
        },
        "condo_townhome": {
          "1br": 1171,
          "2br": 1338,
          "3br": 1813,
          "4br": 2314
        },
        "single_family": {
          "1br": 1225,
          "2br": 1343,
          "3br": 1601,
          "4br": 1900
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1080,
          "2br": 1232,
          "3br": 1778,
          "4br": 2289
        },
        "condo_townhome": {
          "1br": 1146,
          "2br": 1309,
          "3br": 1796,
          "4br": 2284
        },
        "single_family": {
          "1br": 1208,
          "2br": 1356,
          "3br": 1604,
          "4br": 1846
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1081,
          "2br": 1236,
          "3br": 1736,
          "4br": 2253
        },
        "condo_townhome": {
          "1br": 1150,
          "2br": 1287,
          "3br": 1766,
          "4br": 2246
        },
        "single_family": {
          "1br": 1189,
          "2br": 1318,
          "3br": 1582,
          "4br": 1843
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/pendleton-pike-lawrence-in/",
    "self": "https://data.estaite.com/feeds/pendleton-pike-lawrence-in.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}