Fishers, IN
Hamilton County · Pop. 101,171
Ranked #87 of 243 cities
48Moderate
Median Home Price
🏠$380K
3.5% YoY
Median Rent
🔑$1,600
2.0% YoY
Median Income
💰$95K
Rent Burden
📊24.0%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$64K
annual income needed
Price-to-Income
⚖️4.0x
Homeownership
🏡82.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,600/mo
Median rent
Need $64K/yr income
How Fishers Compares
| Metric | Fishers | Indiana | National |
|---|---|---|---|
| Home Price | $380K | $226K | $410K |
| Rent | $1,600 | $1,044 | $1,500 |
| Income | $95K | $69K | $75K |
| Rent Burden | 24.0% | 28.0% | 30.0% |
Key Takeaways
- • Home prices in Fishers are 7% lower than the national average.
- • Rent is 7% higher than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 82.0%, compared to 65.0% nationally.