Fishers, IN—46037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fishers, IN
As of Oct '25, the median home price in Fishers, IN is $467,000, with a year-over-year change of 1.9%. This indicates that home prices in Fishers, IN are increasing. 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 | $467,000 | 1.9% |
| Single Family | $476,000 | 1.9% |
| Condos | $304,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $341,000 | 1.5% |
3 Bed | $393,000 | 1.6% |
4 Bed | $490,000 | 1.9% |
| 5 Bed | $644,000 | 2.4% |
% of Housing Stock
Rental Trends — Fishers, IN
As of July '25, Rentcast reports the average rent in Fishers, IN is $2,320, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Fishers, IN is studios: $1,400, 1-bedrooms: $1,340, 2-bedrooms: $1,950, 3-bedrooms: $2,230, 4-bedrooms: $2,530. The most common rental property sizes in Fishers, IN are 1-bedroom and 3-bedroom, accounting for 37.0% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,320 |
| Studio Rent | $1,350 | $1,400 |
| 1 Bed Rent | $1,370 | $1,340 |
| 2 Bed Rent | $1,850 | $1,950 |
| 3 Bed Rent | $2,180 | $2,230 |
| 4 Bed Rent | $2,500 | $2,530 |
% of Rental Stock
Property Listings — Fishers, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fishers, IN is 51. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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 | $455,000 | -6.0% |
Listing Count | 211 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 51 | 0.0% |
Demographics — Fishers, IN
As of the latest ACS Survey released in 2023, Fishers, IN has a population of 47,000, which has increased by 11.2% over the past 5 years. Fishers, IN is a popular place for families, as children make up 28.8% of the population. The area has a highly educated workforce, with 68.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,000 | 11.2% |
% Under 18 | 28.8% | -3.4% |
% Seniors | 13.2% | 50.0% |
% WFH | 22.5% | 136.8% |
% w/ College Degree | 68.5% | 1.0% |
As of the latest ACS Survey released in 2023, Fishers, IN is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Fishers, IN is asian, making up 10.3% of the population. Foreign-born residents account for 10.4% of the population in Fishers, IN, and this percentage has increased by 19.5% 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 | 78.9% | -4.4% |
% Black | 3.1% | -49.2% |
% Hispanic | 3.5% | 0.0% |
% Asian | 10.3% | 83.9% |
% Foreign Born | 10.4% | 19.5% |
Mortgage and Risk — Fishers, IN
According to HUD data as of 2023, there were 930 mortgage originations in Fishers, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Fishers, IN. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 930 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fishers, IN
As of 2024, the percent of homes in Fishers, IN under the Section 8 program is 1.2%. 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 Fishers, IN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 37 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,370 | $1,450 |
| 2 Bedroom | -$160 | $1,850 | $1,690 |
| 3 Bedroom | $20 | $2,180 | $2,200 |
| 4 Bedroom | $170 | $2,500 | $2,670 |
Affordability — Fishers, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $467,000 |
| Median Household Income | $138,000 |