Southwest Fringe, Indianapolis, IN—46228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Fringe, Indianapolis, IN
As of Oct '25, the median home price in Southwest Fringe, Indianapolis, IN is $266,000, with a year-over-year change of 1.7%. This indicates that home prices in Southwest Fringe, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 1.7% |
| Single Family | $268,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 0.5% |
3 Bed | $251,000 | 1.6% |
4 Bed | $325,000 | 2.2% |
| 5 Bed | $484,000 | 3.9% |
% of Housing Stock
Rental Trends — Southwest Fringe, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Southwest Fringe, Indianapolis, IN is $1,880, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Southwest Fringe, Indianapolis, IN is 1-bedrooms: $1,030, 2-bedrooms: $1,350, 3-bedrooms: $1,860, 4-bedrooms: $2,040. The most common rental property sizes in Southwest Fringe, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 37.2% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $998 | $1,030 |
| 2 Bed Rent | $1,300 | $1,350 |
| 3 Bed Rent | $1,860 | $1,860 |
| 4 Bed Rent | $1,880 | $2,040 |
% of Rental Stock
Property Listings — Southwest Fringe, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Fringe, Indianapolis, IN is 45. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 7.0% |
Listing Count | 45 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 45 | -21.0% |
Demographics — Southwest Fringe, Indianapolis, IN
As of the latest ACS Survey released in 2023, Southwest Fringe, Indianapolis, IN has a population of 16,300, which has increased by 4.7% over the past 5 years. Southwest Fringe, Indianapolis, IN is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 47.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 4.7% |
% Under 18 | 21.9% | -12.7% |
% Seniors | 15.7% | -1.3% |
% WFH | 17.9% | 265.3% |
% w/ College Degree | 47.8% | 7.2% |
As of the latest ACS Survey released in 2023, Southwest Fringe, Indianapolis, IN is a predominantly black area, with 46.1% of the population identifying as black. The black population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Southwest Fringe, Indianapolis, IN is white, making up 41.4% of the population. Foreign-born residents account for 10.7% of the population in Southwest Fringe, Indianapolis, IN, and this percentage has decreased by 1.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 41.4% | 11.3% |
% Black | 46.1% | 0.2% |
% Hispanic | 6.9% | 43.8% |
% Asian | 1.5% | -76.2% |
% Foreign Born | 10.7% | -1.8% |
Mortgage and Risk — Southwest Fringe, Indianapolis, IN
According to HUD data as of 2023, there were 448 mortgage originations in Southwest Fringe, Indianapolis, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Fringe, Indianapolis, IN. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 448 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Southwest Fringe, Indianapolis, IN
As of 2024, the percent of homes in Southwest Fringe, Indianapolis, IN under the Section 8 program is 18.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Southwest Fringe, 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 | 222 |
Total Units Section 8 | 172 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $292 | $998 | $1,290 |
| 2 Bedroom | $210 | $1,300 | $1,510 |
| 3 Bedroom | $100 | $1,860 | $1,960 |
| 4 Bedroom | $510 | $1,880 | $2,390 |
Affordability — Southwest Fringe, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $266,000 |
| Median Household Income | $95,600 |