Indianapolis, IN—46219
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Indianapolis, IN
Home Price Trends — Indianapolis, IN
As of Oct '25, the median home price in Indianapolis, IN is $185,000, with a year-over-year change of 3.2%. This indicates that home prices in Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | 3.2% |
| Single Family | $188,000 | 2.7% |
| Condos | $140,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | -2.5% |
2 Bed | $157,000 | 1.9% |
3 Bed | $191,000 | 2.7% |
4 Bed | $232,000 | 2.2% |
| 5 Bed | $270,000 | 0.0% |
% of Housing Stock
Rental Trends — Indianapolis, IN
As of July '25, Rentcast reports the average rent in Indianapolis, IN is $1,080, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Indianapolis, IN is studios: $626, 1-bedrooms: $850, 2-bedrooms: $940, 3-bedrooms: $1,510, 4-bedrooms: $1,810. The most common rental property sizes in Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 45.1% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,080 |
| Studio Rent | $595 | $626 |
| 1 Bed Rent | $849 | $850 |
| 2 Bed Rent | $895 | $940 |
| 3 Bed Rent | $1,460 | $1,510 |
| 4 Bed Rent | $1,800 | $1,810 |
% of Rental Stock
Property Listings — Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Indianapolis, IN is 48. This is a increase of 17.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $221,000 | 1.0% |
Listing Count | 135 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 48 | 17.0% |
Demographics — Indianapolis, IN
As of the latest ACS Survey released in 2023, Indianapolis, IN has a population of 38,200, which has increased by 3.4% over the past 5 years. Indianapolis, IN is a popular place for families, as children make up 25.7% 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 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,200 | 3.4% |
% Under 18 | 25.7% | 12.7% |
% Seniors | 13.1% | -14.4% |
% WFH | 10.6% | 324.0% |
% w/ College Degree | 26.4% | 9.5% |
As of the latest ACS Survey released in 2023, Indianapolis, IN is a predominantly white area, with 53.7% of the population identifying as white. The white population has shrunk by 19.4% in the last 5 years. The second most common race or ethnicity in Indianapolis, IN is black, making up 22.5% of the population. Foreign-born residents account for 9.7% of the population in Indianapolis, IN, and this percentage has increased by 64.4% 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 | 53.7% | -19.4% |
% Black | 22.5% | 9.2% |
% Hispanic | 17.8% | 102.3% |
% Asian | 0.4% | -63.6% |
% Foreign Born | 9.7% | 64.4% |
Mortgage and Risk — Indianapolis, IN
According to HUD data as of 2023, there were 780 mortgage originations in Indianapolis, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Indianapolis, IN. Investor activity is low, as 4.0% 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 | 780 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Indianapolis, IN
As of 2024, the percent of homes in Indianapolis, IN under the Section 8 program is 6.4%. 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. In Indianapolis, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 357 |
Total Units Section 8 | 357 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $191 | $849 | $1,040 |
| 2 Bedroom | $325 | $895 | $1,220 |
| 3 Bedroom | $130 | $1,460 | $1,590 |
| 4 Bedroom | $120 | $1,800 | $1,920 |
Affordability — Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $185,000 |
| Median Household Income | $57,800 |