Fishers, IN—46040
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 $492,000, with a year-over-year change of 2.7%. This indicates that home prices in Fishers, IN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $492,000 | 2.7% |
| Single Family | $494,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 3.5% |
3 Bed | $363,000 | 2.5% |
4 Bed | $553,000 | 2.8% |
| 5 Bed | $693,000 | 3.3% |
% of Housing Stock
Rental Trends — Fishers, IN
As of July '25, Rentcast reports the average rent in Fishers, IN is $2,200, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Fishers, IN is 1-bedrooms: $1,020, 2-bedrooms: $1,800, 3-bedrooms: $1,930, 4-bedrooms: $4,140. The most common rental property sizes in Fishers, IN are 3-bedroom and 2-bedroom, accounting for 48.8% and 19.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,020 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $1,720 | $1,930 |
| 4 Bed Rent | $4,250 | $4,140 |
% 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 63. This is a increase of 15.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | -2.0% |
Listing Count | 116 | 44.0% |
| Listings as % of Homes | 1.0% | 44.0% |
Days on Market | 63 | 15.0% |
Demographics — Fishers, IN
As of the latest ACS Survey released in 2023, Fishers, IN has a population of 17,900, which has increased by 56.1% over the past 5 years. Fishers, IN is a popular place for families, as children make up 26.5% of the population. The area has a highly educated workforce, with 52.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 56.1% |
% Under 18 | 26.5% | -10.2% |
% Seniors | 6.5% | -42.0% |
% WFH | 20.6% | 237.7% |
% w/ College Degree | 52.7% | 27.0% |
As of the latest ACS Survey released in 2023, Fishers, IN is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Fishers, IN is black, making up 6.1% of the population. Foreign-born residents account for 4.9% of the population in Fishers, IN, and this percentage has increased by 53.1% 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 | 83.4% | -2.2% |
% Black | 6.1% | 117.9% |
% Hispanic | 2.0% | 81.8% |
% Asian | 4.4% | 69.2% |
% Foreign Born | 4.9% | 53.1% |
Mortgage and Risk — Fishers, IN
According to HUD data as of 2023, there were 771 mortgage originations in Fishers, IN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Fishers, IN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 771 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fishers, IN
As of 2024, the percent of homes in Fishers, IN under the Section 8 program is 4.1%. 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 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 and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $900 | $1,130 |
| 2 Bedroom | -$460 | $1,800 | $1,340 |
| 3 Bedroom | $20 | $1,720 | $1,740 |
| 4 Bedroom | -$2,170 | $4,250 | $2,080 |
Affordability — Fishers, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $492,000 |
| Median Household Income | $145,000 |