Indianapolis
Indiana · Ranked #263 of 373 metros
62Moderate
💡
Housing in Indianapolis costs 3.57× the median income, below the national average of 4.5×. The median home price is $278K and median rent is $1,207/month. Indianapolis ranks #263 of 373 metros for affordability.
Median Home Price
🏠$278K
Need $78K income
Median Rent
🔑$1,207
Need $46K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨14,000
annual
Median Income
💰$78K
Pop: 2,111,040
Rent Burden
⚠️30.0%
of renters paying >30%
Price Change (YoY)
📈+5.5%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Indianapolis | National |
|---|---|---|
| Price-to-Income Ratio | 3.57x | 6.1x |
| Rent Burden | 30.0% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Price Change | +5.5% | +3.5% |
| YoY Rent Change | +3.8% | +2.8% |
| Mortgage Denial Rate | 14.0% | 13.5% |
| Eviction Rate | 7.8% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +65.2%Since 2000: +152.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,118/mo
1 Bedroom$1,267/mo
2 Bedroom$1,473/mo
3 Bedroom$1,907/mo
4 Bedroom$2,338/mo
Zillow Market Data
Home Value (ZHVI)
$286K
1yr: +1.2%5yr: +35.5%
Rent (ZORI)
$1,486/mo
1yr: +2.4%5yr: +34.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$320K
Active Inventory
5,093
Days on Market
30
Sold Above List
17.1%
Price Drops
39.3%