Beech Grove, Indianapolis, IN—46250
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beech Grove, Indianapolis, IN
As of Oct '25, the median home price in Beech Grove, Indianapolis, IN is $322,000, with a year-over-year change of 2.0%. This indicates that home prices in Beech Grove, 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 | $322,000 | 2.0% |
| Single Family | $356,000 | 2.0% |
| Condos | $204,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 1.0% |
3 Bed | $314,000 | 1.6% |
4 Bed | $425,000 | 2.2% |
| 5 Bed | $588,000 | 2.4% |
% of Housing Stock
Rental Trends — Beech Grove, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Beech Grove, Indianapolis, IN is $1,510, with a year-over-year rent change of -25.2%. Per bedroom, the median rent as of July '25 in Beech Grove, Indianapolis, IN is studios: $1,200, 1-bedrooms: $1,120, 2-bedrooms: $1,710, 3-bedrooms: $2,020, 4-bedrooms: $2,450. The most common rental property sizes in Beech Grove, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 47.7% and 39.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,510 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,080 | $1,120 |
| 2 Bed Rent | $1,650 | $1,710 |
| 3 Bed Rent | $1,960 | $2,020 |
| 4 Bed Rent | $2,450 | $2,450 |
% of Rental Stock
Property Listings — Beech Grove, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Beech Grove, Indianapolis, IN is 39. This is a decrease of -13.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -9.0% |
Listing Count | 55 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 39 | -13.0% |
Demographics — Beech Grove, Indianapolis, IN
As of the latest ACS Survey released in 2023, Beech Grove, Indianapolis, IN has a population of 17,900, which has decreased by -5.6% over the past 5 years. Beech Grove, Indianapolis, IN is a moderately popular place for families, as children make up 17.0% of the population. The area has a highly educated workforce, with 53.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -5.6% |
% Under 18 | 17.0% | -4.5% |
% Seniors | 16.6% | 27.7% |
% WFH | 18.5% | 198.4% |
% w/ College Degree | 53.0% | -10.5% |
As of the latest ACS Survey released in 2023, Beech Grove, Indianapolis, IN is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Beech Grove, Indianapolis, IN is black, making up 19.4% of the population. Foreign-born residents account for 3.6% of the population in Beech Grove, Indianapolis, IN, and this percentage has decreased by 47.8% 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 | 64.8% | -11.5% |
% Black | 19.4% | 30.2% |
% Hispanic | 9.5% | 66.7% |
% Asian | 1.4% | -62.2% |
% Foreign Born | 3.6% | -47.8% |
Mortgage and Risk — Beech Grove, Indianapolis, IN
According to HUD data as of 2023, there were 312 mortgage originations in Beech Grove, Indianapolis, IN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Beech Grove, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 312 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Beech Grove, Indianapolis, IN
As of 2024, the percent of homes in Beech Grove, Indianapolis, IN under the Section 8 program is 0.3%. 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 units appear to be good home sizes to consider for Section 8 housing in Beech Grove, Indianapolis, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,080 | $1,270 |
| 2 Bedroom | -$160 | $1,650 | $1,490 |
| 3 Bedroom | -$20 | $1,960 | $1,940 |
| 4 Bedroom | -$90 | $2,450 | $2,360 |
Affordability — Beech Grove, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $322,000 |
| Median Household Income | $69,600 |