The housing market in Indianapolis, IN is thriving. According to the latest data, the median value of a home in Indianapolis is $221,900 compared to the US median value of $338,100. In addition to this, the appreciation rate of houses in Indianapolis has been higher than the national average over the past year – 10.30%, compared to 8.27%. This suggests there is a strong demand for real estate in Indianapolis and that buyers are willing to pay top dollar for homes here. With such promising numbers, it’s no wonder why so many people are looking to invest in housing within this city.
The median home cost in Indianapolis is $221,900. Home appreciation the last 10 years has been 105.6%. Home Appreciation in Indianapolis is up 17.3%.
Average Age of Homes
- The median age of Indianapolis real estate is 46 years old
The Rental Market in Indianapolis
- Renters make up 39.0% of the Indianapolis population
- 2.8% of houses and apartments in Indianapolis, 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.