Wayne Township, Indianapolis, IN—46237
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wayne Township, Indianapolis, IN
As of Oct '25, the median home price in Wayne Township, Indianapolis, IN is $256,000, with a year-over-year change of 1.0%. This indicates that home prices in Wayne Township, 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 | $256,000 | 1.0% |
| Single Family | $263,000 | 0.8% |
| Condos | $187,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | 1.0% |
3 Bed | $247,000 | 1.2% |
4 Bed | $322,000 | 1.3% |
| 5 Bed | $426,000 | 1.7% |
% of Housing Stock
Rental Trends — Wayne Township, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Wayne Township, Indianapolis, IN is $1,710, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Wayne Township, Indianapolis, IN is studios: $948, 1-bedrooms: $1,110, 2-bedrooms: $1,500, 3-bedrooms: $1,740, 4-bedrooms: $2,240. The most common rental property sizes in Wayne Township, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 50.5% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,710 |
| Studio Rent | $805 | $948 |
| 1 Bed Rent | $1,120 | $1,110 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | $2,030 | $2,240 |
% of Rental Stock
Property Listings — Wayne Township, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wayne Township, Indianapolis, IN is 48. 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 0.0% |
Listing Count | 206 | 31.0% |
| Listings as % of Homes | 0.6% | 31.0% |
Days on Market | 48 | 13.0% |
Demographics — Wayne Township, Indianapolis, IN
As of the latest ACS Survey released in 2023, Wayne Township, Indianapolis, IN has a population of 42,700, which has increased by 11.2% over the past 5 years. Wayne Township, Indianapolis, IN is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,700 | 11.2% |
% Under 18 | 23.7% | -2.9% |
% Seniors | 16.4% | 29.1% |
% WFH | 11.9% | 271.9% |
% w/ College Degree | 34.1% | -2.3% |
As of the latest ACS Survey released in 2023, Wayne Township, Indianapolis, IN is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 15.2% in the last 5 years. The second most common race or ethnicity in Wayne Township, Indianapolis, IN is asian, making up 12.6% of the population. Foreign-born residents account for 11.9% of the population in Wayne Township, Indianapolis, IN, and this percentage has increased by 70.0% 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 | 71.3% | -15.2% |
% Black | 4.7% | 14.6% |
% Hispanic | 7.1% | 61.4% |
% Asian | 12.6% | 137.7% |
% Foreign Born | 11.9% | 70.0% |
Mortgage and Risk — Wayne Township, Indianapolis, IN
According to HUD data as of 2023, there were 799 mortgage originations in Wayne Township, Indianapolis, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Wayne Township, Indianapolis, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 799 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Wayne Township, Indianapolis, IN
As of 2024, the percent of homes in Wayne Township, Indianapolis, IN under the Section 8 program is 0.2%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Wayne Township, Indianapolis, IN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,120 | $1,150 |
| 2 Bedroom | -$150 | $1,500 | $1,350 |
| 3 Bedroom | $60 | $1,700 | $1,760 |
| 4 Bedroom | $100 | $2,030 | $2,130 |
Affordability — Wayne Township, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $256,000 |
| Median Household Income | $76,700 |