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  5. /Broad Ripple, Indianapolis, IN - 46205

Broad Ripple, Indianapolis, IN—46205

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$263,000
3.5% YoY Growth
Household Income
$65,800
42.5% YoY Growth
Days on Market
44
1.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$1,400
12.4% YoY Growth
1-Bed Rent
$875
25.8% YoY Growth
2-Bed Rent
$1,300
15.5% YoY Growth
3-Bed Rent
$1,700
5.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Broad Ripple, Indianapolis, IN

As of May '26, the median home price in Broad Ripple, Indianapolis, IN is $263,000, with a year-over-year change of -3.5%. This indicates that home prices in Broad Ripple, Indianapolis, IN are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$263,000-3.5%
Single Family $269,000-2.9%
Condos $157,000-4.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $153,000
    -5.0%
    2 Bed
    		$197,000-3.9%
    3 Bed
    		$284,000-2.1%
    4 Bed
    		$378,0000.3%
    5 Bed $579,6792.6%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    17.4%
    2 Bedrooms
    31.7%
    3 Bedrooms
    30.7%
    4 Bedrooms
    15.1%
    5+ Bedrooms
    3.3%

    Rental Trends — Broad Ripple, Indianapolis, IN

    As of July '25, Rentcast reports the average rent in Broad Ripple, Indianapolis, IN is $1,540, with a year-over-year rent change of 12.4%. Per bedroom, the median rent as of July '25 in Broad Ripple, Indianapolis, IN is studios: $785, 1-bedrooms: $1,020, 2-bedrooms: $1,340, 3-bedrooms: $1,800, 4-bedrooms: $2,370. The most common rental property sizes in Broad Ripple, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 39.1% and 33.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,540
    Studio Rent $650$785
    1 Bed Rent $875$1,020
    2 Bed Rent $1,300$1,340
    3 Bed Rent $1,700$1,800
    4 Bed Rent $2,300$2,370
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    % of Rental Stock

    Studio
    4.2%
    1 Bedroom
    33.4%
    2 Bedrooms
    39.1%
    3 Bedrooms
    20.6%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    0.6%

    Property Listings — Broad Ripple, Indianapolis, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Broad Ripple, Indianapolis, IN is 44. This is a decrease of -1.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$325,0001.0%
    Listing Count
    		18720.0%
    Listings as % of Homes0.8%20.0%
    Days on Market
    		44-1.0%
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    Demographics — Broad Ripple, Indianapolis, IN

    As of the latest ACS Survey released in 2023, Broad Ripple, Indianapolis, IN has a population of 29,200, which has increased by 4.8% over the past 5 years. Broad Ripple, Indianapolis, IN is a popular place for families, as children make up 26.1% of the population. The area has a highly educated workforce, with 51.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,2004.8%
    % Under 18
    		26.1%18.6%
    % Seniors
    		9.6%-6.8%
    % WFH
    		17.0%226.9%
    % w/ College Degree
    		51.3%20.7%
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    As of the latest ACS Survey released in 2023, Broad Ripple, Indianapolis, IN is a predominantly white area, with 50.1% of the population identifying as white. The white population has grown by 15.2% in the last 5 years. The second most common race or ethnicity in Broad Ripple, Indianapolis, IN is black, making up 32.8% of the population. Foreign-born residents account for 5.4% of the population in Broad Ripple, Indianapolis, IN, and this percentage has increased by 54.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		50.1%15.2%
    % Black
    		32.8%-31.8%
    % Hispanic
    		6.7%55.8%
    % Asian
    		2.6%62.5%
    % Foreign Born
    		5.4%54.3%
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    Mortgage and Risk — Broad Ripple, Indianapolis, IN

    According to HUD data as of 2023, there were 544 mortgage originations in Broad Ripple, Indianapolis, IN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Broad Ripple, Indianapolis, IN. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		544
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Broad Ripple, Indianapolis, IN

    As of 2024, the percent of homes in Broad Ripple, Indianapolis, IN under the Section 8 program is 15.3%. This is considered high, suggesting that the neighborhood is heavily 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 Broad Ripple, 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
    		905
    Total Units Section 8
    		905
    % Rentals under Section 8
    		15.3%
    % Occupied Section 8
    		77.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$225$875$1,100
    2 Bedroom-$10$1,300$1,290
    3 Bedroom-$20$1,700$1,680
    4 Bedroom-$260$2,300$2,040

    Affordability — Broad Ripple, Indianapolis, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$263,000
    Median Household Income$65,800

    Broad Ripple, Indianapolis, IN — ZIP Code Boundary Map

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    Frequently Asked Questions