Indianapolis-Carmel-Anderson Metro Area, IN Housing

The housing market in the Indianapolis-Carmel-Anderson, IN Metro Area is quite attractive. The median house value is $263,900, which is significantly lower than the US median house value of $338,100. Additionally, over the past year, the appreciation rate for housing in this area has been 12.11%, which is higher than the national average of 8.27%. This makes it a great time to purchase property in this region as buyers can benefit from the low prices and higher appreciation rate.

The median home cost in Indianapolis-Carmel-Anderson Metro Area is $263,900. Home appreciation the last 10 years has been 99.5%. Home Appreciation in Indianapolis-Carmel-Anderson Metro Area is up 17.7%.

Average Age of Homes

- The median age of Indianapolis-Carmel-Anderson Metro Area real estate is 38 years old

The Rental Market in Indianapolis-Carmel-Anderson Metro Area

- Renters make up 30.4% of the Indianapolis-Carmel-Anderson Metro Area population
- 2.1% of houses and apartments in Indianapolis-Carmel-Anderson Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Indianapolis-Carmel-Anderson, Indiana	United States
	886,282.0	139,647,020.0
	41	42
	$263,900	$338,100
	17.7%	16.6%
	65.9%	57.0%
	99.5%	101.1%
	$9.19	$10.98
	$1,694	$2,690
	60.3%	57.4%
	8.6%	11.2%
	31.1%	31.4%
Vacant Housing
	2.1%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	0.5%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.7%	2.4%
	2.6%	2.8%
	4.7%	3.9%
	5.9%	4.5%
	18.2%	11.3%
	19.0%	13.0%
	22.1%	20.1%
	11.7%	13.6%
	5.5%	8.3%
	4.2%	9.7%
	1.4%	3.9%
	0.6%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.9%	13.6%
	14.9%	13.6%
	16.3%	13.6%
	10.3%	13.2%
	12.1%	14.8%
	16.3%	13.6%
	10.1%	10.0%
	4.5%	4.7%
	12.3%	12.2%

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