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Southeast Indianapolis, Indianapolis, IN—46239

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$289,000
1.6% YoY Growth
Household Income
$92,200
26.4% YoY Growth
Days on Market
76
22.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$1,880
2.1% YoY Growth
1-Bed Rent
$1,070
18.0% YoY Growth
2-Bed Rent
$1,390
3.8% YoY Growth
3-Bed Rent
$1,780
4.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Southeast Indianapolis, Indianapolis, IN

As of Dec '25, the median home price in Southeast Indianapolis, Indianapolis, IN is $289,000, with a year-over-year change of 1.6%. This indicates that home prices in Southeast Indianapolis, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$289,0001.6%
Single Family $289,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$247,0003.3%
    3 Bed
    		$261,0002.0%
    4 Bed
    		$321,0001.3%
    5 Bed $399,3560.9%
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    3.9%
    2 Bedrooms
    10.6%
    3 Bedrooms
    51.1%
    4 Bedrooms
    27.4%
    5+ Bedrooms
    6.6%

    Rental Trends — Southeast Indianapolis, Indianapolis, IN

    As of July '25, Rentcast reports the average rent in Southeast Indianapolis, Indianapolis, IN is $1,940, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Southeast Indianapolis, Indianapolis, IN is 1-bedrooms: $1,180, 2-bedrooms: $1,640, 3-bedrooms: $1,840, 4-bedrooms: $2,140. The most common rental property sizes in Southeast Indianapolis, Indianapolis, IN are 3-bedroom and 2-bedroom, accounting for 35.4% and 24.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,880$1,940
    Studio Rent N/AN/A
    1 Bed Rent $1,070$1,180
    2 Bed Rent $1,390$1,640
    3 Bed Rent $1,780$1,840
    4 Bed Rent $2,040$2,140
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    % of Rental Stock

    Studio
    1.9%
    1 Bedroom
    17.3%
    2 Bedrooms
    24.8%
    3 Bedrooms
    35.4%
    4 Bedrooms
    18.5%
    5+ Bedrooms
    2.0%

    Property Listings — Southeast Indianapolis, Indianapolis, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Southeast Indianapolis, Indianapolis, IN is 57. This is a increase of 6.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$316,0002.0%
    Listing Count
    		15833.0%
    Listings as % of Homes1.1%33.0%
    Days on Market
    		7622.0%
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    Demographics — Southeast Indianapolis, Indianapolis, IN

    As of the latest ACS Survey released in 2023, Southeast Indianapolis, Indianapolis, IN has a population of 33,400, which has increased by 12.9% over the past 5 years. Southeast Indianapolis, Indianapolis, IN is a popular place for families, as children make up 31.0% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,40012.9%
    % Under 18
    		31.0%3.3%
    % Seniors
    		10.3%4.0%
    % WFH
    		11.3%169.0%
    % w/ College Degree
    		36.7%20.3%
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    As of the latest ACS Survey released in 2023, Southeast Indianapolis, Indianapolis, IN is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 24.2% in the last 5 years. The second most common race or ethnicity in Southeast Indianapolis, Indianapolis, IN is black, making up 24.2% of the population. Foreign-born residents account for 6.8% of the population in Southeast Indianapolis, Indianapolis, IN, and this percentage has increased by 47.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		56.9%-24.2%
    % Black
    		24.2%87.6%
    % Hispanic
    		8.6%43.3%
    % Asian
    		4.4%41.9%
    % Foreign Born
    		6.8%47.8%
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    Mortgage and Risk — Southeast Indianapolis, Indianapolis, IN

    According to HUD data as of 2023, there were 974 mortgage originations in Southeast Indianapolis, Indianapolis, IN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Southeast Indianapolis, Indianapolis, IN. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		974
    % Conventional Loans
    		64.0%
    % Government Loans
    		36.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Southeast Indianapolis, Indianapolis, IN

    As of 2024, the percent of homes in Southeast Indianapolis, Indianapolis, IN under the Section 8 program is 4.0%. 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 Southeast 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
    		89
    Total Units Section 8
    		89
    % Rentals under Section 8
    		4.0%
    % Occupied Section 8
    		76.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$150$1,070$1,220
    2 Bedroom$40$1,390$1,430
    3 Bedroom$80$1,780$1,860
    4 Bedroom$220$2,040$2,260

    Affordability — Southeast Indianapolis, Indianapolis, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$289,000
    Median Household Income$92,200

    Southeast Indianapolis, Indianapolis, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pike Township, Indianapolis, IN

    46229

    North East Side, Indianapolis, IN

    46259

    Indianapolis, IN

    46219

    Wayne Township, Indianapolis, IN

    46237

    Beech Grove, IN

    46107

    Frequently Asked Questions