Fishers West, Indianapolis, IN—46113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fishers West, Indianapolis, IN
As of Oct '25, the median home price in Fishers West, Indianapolis, IN is $275,000, with a year-over-year change of 0.9%. This indicates that home prices in Fishers West, Indianapolis, IN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 0.9% |
| Single Family | $276,000 | 0.7% |
| Condos | $234,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | 2.2% |
3 Bed | $259,000 | 0.8% |
4 Bed | $310,000 | 1.6% |
| 5 Bed | $367,000 | 1.9% |
% of Housing Stock
Rental Trends — Fishers West, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Fishers West, Indianapolis, IN is $1,950, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Fishers West, Indianapolis, IN is 2-bedrooms: $1,900, 3-bedrooms: $1,860, 4-bedrooms: $2,130. The most common rental property sizes in Fishers West, Indianapolis, IN are 3-bedroom and 2-bedroom, accounting for 46.6% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | $1,880 | $1,860 |
| 4 Bed Rent | $2,140 | $2,130 |
% of Rental Stock
Property Listings — Fishers West, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fishers West, Indianapolis, IN is 55. This is a increase of 13.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 3.0% |
Listing Count | 63 | -16.0% |
| Listings as % of Homes | 0.7% | -16.0% |
Days on Market | 55 | 13.0% |
Demographics — Fishers West, Indianapolis, IN
As of the latest ACS Survey released in 2023, Fishers West, Indianapolis, IN has a population of 17,400, which has increased by 10.9% over the past 5 years. Fishers West, Indianapolis, IN is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,400 | 10.9% |
% Under 18 | 26.8% | -1.8% |
% Seniors | 12.4% | 31.9% |
% WFH | 9.1% | 152.8% |
% w/ College Degree | 23.2% | 11.0% |
As of the latest ACS Survey released in 2023, Fishers West, Indianapolis, IN is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 16.4% in the last 5 years. The second most common race or ethnicity in Fishers West, Indianapolis, IN is black, making up 16.2% of the population. Foreign-born residents account for 9.9% of the population in Fishers West, Indianapolis, IN, and this percentage has increased by 167.6% 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 | 73.4% | -16.4% |
% Black | 16.2% | 88.4% |
% Hispanic | 6.4% | 88.2% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 9.9% | 167.6% |
Mortgage and Risk — Fishers West, Indianapolis, IN
According to HUD data as of 2023, there were 501 mortgage originations in Fishers West, Indianapolis, IN, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Fishers West, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 501 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Fishers West, Indianapolis, IN
Fishers West, Indianapolis, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | -$360 | $1,900 | $1,540 |
| 3 Bedroom | $120 | $1,880 | $2,000 |
| 4 Bedroom | $290 | $2,140 | $2,430 |
Affordability — Fishers West, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $275,000 |
| Median Household Income | $85,500 |