Fishers, IN—46038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fishers, IN
As of Oct '25, the median home price in Fishers, IN is $372,000, with a year-over-year change of 1.7%. This indicates that home prices in Fishers, IN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 1.7% |
| Single Family | $381,000 | 1.9% |
| Condos | $260,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $262,000 | 1.6% |
3 Bed | $342,000 | 1.8% |
4 Bed | $409,000 | 2.0% |
| 5 Bed | $548,000 | 1.5% |
% of Housing Stock
Rental Trends — Fishers, IN
As of July '25, Rentcast reports the average rent in Fishers, IN is $2,160, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Fishers, IN is studios: $1,570, 1-bedrooms: $1,320, 2-bedrooms: $1,800, 3-bedrooms: $2,250, 4-bedrooms: $2,470. The most common rental property sizes in Fishers, IN are 2-bedroom and 1-bedroom, accounting for 38.6% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,160 |
| Studio Rent | $1,350 | $1,570 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,750 | $1,800 |
| 3 Bed Rent | $2,200 | $2,250 |
| 4 Bed Rent | $2,440 | $2,470 |
% of Rental Stock
Property Listings — Fishers, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fishers, IN is 47. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 8.0% |
Listing Count | 119 | 18.0% |
| Listings as % of Homes | 0.4% | 18.0% |
Days on Market | 47 | 8.0% |
Demographics — Fishers, IN
As of the latest ACS Survey released in 2023, Fishers, IN has a population of 43,200, which has increased by 1.7% over the past 5 years. Fishers, IN is a moderately popular place for families, as children make up 24.6% of the population. The area has a highly educated workforce, with 60.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,200 | 1.7% |
% Under 18 | 24.6% | -10.9% |
% Seniors | 10.9% | 29.8% |
% WFH | 21.6% | 208.6% |
% w/ College Degree | 60.2% | 1.3% |
As of the latest ACS Survey released in 2023, Fishers, IN is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Fishers, IN is asian, making up 6.1% of the population. Foreign-born residents account for 10.3% of the population in Fishers, IN, and this percentage has increased by 7.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.3% | -2.8% |
% Black | 5.7% | 0.0% |
% Hispanic | 4.5% | 45.2% |
% Asian | 6.1% | -19.7% |
% Foreign Born | 10.3% | 7.3% |
Mortgage and Risk — Fishers, IN
According to HUD data as of 2023, there were 950 mortgage originations in Fishers, IN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Fishers, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 950 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fishers, IN
As of 2024, the percent of homes in Fishers, IN under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fishers, IN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,300 | $1,450 |
| 2 Bedroom | -$50 | $1,750 | $1,700 |
| 3 Bedroom | $10 | $2,200 | $2,210 |
| 4 Bedroom | $250 | $2,440 | $2,690 |
Affordability — Fishers, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $372,000 |
| Median Household Income | $105,000 |