Northeast Indianapolis, Indianapolis, IN—46227
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northeast Indianapolis, Indianapolis, IN
As of Oct '25, the median home price in Northeast Indianapolis, Indianapolis, IN is $224,000, with a year-over-year change of 1.2%. This indicates that home prices in Northeast Indianapolis, 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 | $224,000 | 1.2% |
| Single Family | $229,000 | 0.9% |
| Condos | $134,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | -2.5% |
2 Bed | $169,000 | 1.2% |
3 Bed | $231,000 | 0.9% |
4 Bed | $272,000 | 0.7% |
| 5 Bed | $314,000 | 1.0% |
% of Housing Stock
Rental Trends — Northeast Indianapolis, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Northeast Indianapolis, Indianapolis, IN is $1,310, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Northeast Indianapolis, Indianapolis, IN is studios: $869, 1-bedrooms: $883, 2-bedrooms: $1,160, 3-bedrooms: $1,540, 4-bedrooms: $1,680. The most common rental property sizes in Northeast Indianapolis, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 46.3% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,310 |
| Studio Rent | $840 | $869 |
| 1 Bed Rent | $900 | $883 |
| 2 Bed Rent | $1,120 | $1,160 |
| 3 Bed Rent | $1,550 | $1,540 |
| 4 Bed Rent | $1,650 | $1,680 |
% of Rental Stock
Property Listings — Northeast Indianapolis, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Northeast Indianapolis, Indianapolis, IN is 43. This is a increase of 34.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | -1.0% |
Listing Count | 177 | 52.0% |
| Listings as % of Homes | 0.4% | 52.0% |
Days on Market | 43 | 34.0% |
Demographics — Northeast Indianapolis, Indianapolis, IN
As of the latest ACS Survey released in 2023, Northeast Indianapolis, Indianapolis, IN has a population of 57,200, which has remained stable by 1.0% over the past 5 years. Northeast Indianapolis, Indianapolis, IN is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,200 | 1.0% |
% Under 18 | 22.9% | 1.8% |
% Seniors | 14.1% | -2.8% |
% WFH | 6.6% | 288.2% |
% w/ College Degree | 21.4% | 4.4% |
As of the latest ACS Survey released in 2023, Northeast Indianapolis, Indianapolis, IN is a predominantly white area, with 61.4% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Northeast Indianapolis, Indianapolis, IN is asian, making up 12.5% of the population. Foreign-born residents account for 16.6% of the population in Northeast Indianapolis, Indianapolis, IN, and this percentage has increased by 0.6% 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 | 61.4% | -11.1% |
% Black | 10.8% | 68.8% |
% Hispanic | 9.5% | 14.5% |
% Asian | 12.5% | -7.4% |
% Foreign Born | 16.6% | 0.6% |
Mortgage and Risk — Northeast Indianapolis, Indianapolis, IN
According to HUD data as of 2023, there were 999 mortgage originations in Northeast Indianapolis, Indianapolis, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Northeast Indianapolis, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 999 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Northeast Indianapolis, Indianapolis, IN
As of 2024, the percent of homes in Northeast Indianapolis, Indianapolis, IN under the Section 8 program is 7.2%. 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 Northeast Indianapolis, 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 | 1,124 |
Total Units Section 8 | 1,009 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 74.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $900 | $1,040 |
| 2 Bedroom | $100 | $1,120 | $1,220 |
| 3 Bedroom | $40 | $1,550 | $1,590 |
| 4 Bedroom | $270 | $1,650 | $1,920 |
Affordability — Northeast Indianapolis, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $224,000 |
| Median Household Income | $51,000 |