Indianapolis East, Indianapolis, IN—46268
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Indianapolis East, Indianapolis, IN
As of Oct '25, the median home price in Indianapolis East, Indianapolis, IN is $249,000, with a year-over-year change of 0.7%. This indicates that home prices in Indianapolis East, Indianapolis, IN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 0.7% |
| Single Family | $268,000 | 0.4% |
| Condos | $167,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $155,000 | 0.6% |
2 Bed | $171,000 | -1.2% |
3 Bed | $247,000 | 0.4% |
4 Bed | $299,000 | 0.3% |
| 5 Bed | $343,000 | -0.6% |
% of Housing Stock
Rental Trends — Indianapolis East, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Indianapolis East, Indianapolis, IN is $1,770, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Indianapolis East, Indianapolis, IN is studios: $1,120, 1-bedrooms: $1,010, 2-bedrooms: $1,510, 3-bedrooms: $1,920, 4-bedrooms: $2,200. The most common rental property sizes in Indianapolis East, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 45.7% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,890 | $1,770 |
| Studio Rent | $940 | $1,120 |
| 1 Bed Rent | $967 | $1,010 |
| 2 Bed Rent | $1,500 | $1,510 |
| 3 Bed Rent | $1,900 | $1,920 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Indianapolis East, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Indianapolis East, Indianapolis, IN is 56. This is a increase of 26.0% 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 52.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -4.0% |
Listing Count | 73 | 17.0% |
| Listings as % of Homes | 0.2% | 17.0% |
Days on Market | 56 | 26.0% |
Demographics — Indianapolis East, Indianapolis, IN
As of the latest ACS Survey released in 2023, Indianapolis East, Indianapolis, IN has a population of 25,600, which has increased by 1.5% over the past 5 years. Indianapolis East, Indianapolis, IN is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | 1.5% |
% Under 18 | 20.9% | -11.4% |
% Seniors | 14.9% | 2.1% |
% WFH | 9.2% | 318.2% |
% w/ College Degree | 40.4% | 2.5% |
As of the latest ACS Survey released in 2023, Indianapolis East, Indianapolis, IN is a predominantly black area, with 42.6% of the population identifying as black. The black population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Indianapolis East, Indianapolis, IN is white, making up 32.9% of the population. Foreign-born residents account for 14.0% of the population in Indianapolis East, Indianapolis, IN, and this percentage has increased by 14.8% 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 | 32.9% | -16.9% |
% Black | 42.6% | 1.7% |
% Hispanic | 14.7% | 1.4% |
% Asian | 4.7% | 176.5% |
% Foreign Born | 14.0% | 14.8% |
Mortgage and Risk — Indianapolis East, Indianapolis, IN
According to HUD data as of 2023, there were 427 mortgage originations in Indianapolis East, Indianapolis, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Indianapolis East, Indianapolis, IN. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 427 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Indianapolis East, Indianapolis, IN
As of 2024, the percent of homes in Indianapolis East, Indianapolis, IN under the Section 8 program is 13.1%. 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 Indianapolis East, 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 | 902 |
Total Units Section 8 | 787 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 81.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $183 | $967 | $1,150 |
| 2 Bedroom | -$150 | $1,500 | $1,350 |
| 3 Bedroom | -$140 | $1,900 | $1,760 |
| 4 Bedroom | -$70 | $2,200 | $2,130 |
Affordability — Indianapolis East, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $249,000 |
| Median Household Income | $63,300 |