Near East Side, Indianapolis, IN—46203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Near East Side, Indianapolis, IN
As of Oct '25, the median home price in Near East Side, Indianapolis, IN is $163,000, with a year-over-year change of -0.1%. This indicates that home prices in Near East Side, 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 | $163,000 | -0.1% |
| Single Family | $162,000 | -0.6% |
| Condos | $176,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | -3.5% |
2 Bed | $136,000 | 0.0% |
3 Bed | $179,000 | -0.6% |
4 Bed | $248,000 | 0.0% |
| 5 Bed | $245,000 | -3.9% |
% of Housing Stock
Rental Trends — Near East Side, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Near East Side, Indianapolis, IN is $1,570, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Near East Side, Indianapolis, IN is studios: $1,210, 1-bedrooms: $970, 2-bedrooms: $1,330, 3-bedrooms: $1,760, 4-bedrooms: $2,860. The most common rental property sizes in Near East Side, Indianapolis, IN are 2-bedroom and 3-bedroom, accounting for 45.6% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,570 |
| Studio Rent | $1,110 | $1,210 |
| 1 Bed Rent | $850 | $970 |
| 2 Bed Rent | $1,240 | $1,330 |
| 3 Bed Rent | $1,700 | $1,760 |
| 4 Bed Rent | $2,600 | $2,860 |
% of Rental Stock
Property Listings — Near East Side, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Near East Side, Indianapolis, IN is 56. This is a increase of 28.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $253,000 | -5.0% |
Listing Count | 324 | 26.0% |
| Listings as % of Homes | 1.0% | 26.0% |
Days on Market | 56 | 28.0% |
Demographics — Near East Side, Indianapolis, IN
As of the latest ACS Survey released in 2023, Near East Side, Indianapolis, IN has a population of 37,300, which has decreased by -4.9% over the past 5 years. Near East Side, Indianapolis, IN is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | -4.9% |
% Under 18 | 22.2% | -18.1% |
% Seniors | 12.3% | 4.2% |
% WFH | 12.0% | 328.6% |
% w/ College Degree | 26.4% | 57.1% |
As of the latest ACS Survey released in 2023, Near East Side, Indianapolis, IN is a predominantly white area, with 69.1% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Near East Side, Indianapolis, IN is hispanic, making up 14.1% of the population. Foreign-born residents account for 7.9% of the population in Near East Side, Indianapolis, IN, and this percentage has increased by 38.6% 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 | 69.1% | -2.9% |
% Black | 12.0% | -16.1% |
% Hispanic | 14.1% | 27.0% |
% Asian | 1.8% | 157.1% |
% Foreign Born | 7.9% | 38.6% |
Mortgage and Risk — Near East Side, Indianapolis, IN
According to HUD data as of 2023, there were 795 mortgage originations in Near East Side, Indianapolis, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Near East Side, Indianapolis, IN. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 795 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Near East Side, Indianapolis, IN
As of 2024, the percent of homes in Near East Side, Indianapolis, IN under the Section 8 program is 13.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Near East Side, Indianapolis, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 988 |
Total Units Section 8 | 966 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 71.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $850 | $1,040 |
| 2 Bedroom | -$20 | $1,240 | $1,220 |
| 3 Bedroom | -$110 | $1,700 | $1,590 |
| 4 Bedroom | -$680 | $2,600 | $1,920 |
Affordability — Near East Side, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $163,000 |
| Median Household Income | $55,400 |